Chobani Delays IPO For the Fourth Time

Sept. 8, 2022
Chobani, the company that pioneered Greek yogurt in America, has pulled away from going public for the fourth time.

Chobani, the company that pioneered Greek yogurt in America, has pulled away from going public for the fourth time.

The company notified the Securities and Exchange Commission on Sept. 2 that it was withdrawing its registration for an initial public offering. It was not clear from the filing when the IPO was supposed to take place.

Chobani has been compiling a record of filing for IPOs, then pulling back from them. It did so in the fall of 2021, then again in January and March of this year. The March pullback was accompanied by the resignation of the COO and three other c-suite officers, reportedly caused at least in part by the IPO delays.

Chobani pioneered Greek yogurt in the U.S., and has more recently moved into other products, including oat milk, creamers and refrigerated coffee. The company had record sales of $1.2 billion for the first nine months of 2021, but posted a net loss of $24 million.