Oatly Group AB, the largest oat milk manufacturer, has filed Form F-1 Registration Statement on April 19, 2021 with the U.S. Securities and Exchange Commission to raise up to $100 million IPO. Pricing terms are yet to announce. Sources estimate the total proceeds raised would up to $1 billion.
The company focused on developing expertise around oats: a global power crop with inherent properties suited for sustainability and human health. They unlock the breadth of the dairy portfolio, including milks, ice cream, yogurt, cooking creams, spreads and on-the-go drinks.
The Malmo, Sweden-based company was founded in 1994 and booked $421 million in sales for the 12 months ended December 31, 2020. It plans to list on the Nasdaq Global Select Market under the symbol “OTLY.” Morgan Stanley, J.P. Morgan, Credit Suisse, Barclays, Jefferies, BNP Paribas, BofA Securities, Piper Sandler and RBC Capital Markets are underwriters of the IPO.
The company engages White & Case Advokat AB as US Securities Counsel, and Ernst & Young AB as Independent Auditor.
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