Oatly Hits<br />the Market With<br />$10 Billion IPO.<br />On Thursday, Swedish oat milk brand Oatly listed<br />on Nasdaq under the stock ticker “OTLY.”.<br />Pre-market debut, the company<br />priced its shares at $17 each, giving itself<br />an implied valuation of $10 billion.<br />Oatly raised over $1.4 billion from the<br />sale of existing and new equity. .<br />Shares soared 24 percent during<br />its public market debut.<br />The stock opened at $22.12, increasing the<br />company’s market value to $13.1 billion. .<br />Oatly’s reach has expanded rapidly in recent years. .<br />It made its debut in<br />U.S. coffee shops only<br />five years ago.<br />The company’s signature<br />oat milk product is now sold<br />across more than 20 countries<br />in over 32,000 coffee shops<br />and 60,000 retailers. .<br />Its revenue reached<br />$421.4 million in 2020,<br />with retailers accounting<br />for three-fourths of sales. .<br />Oatley is backed by a number of big names,<br />including Natalie Portman, Oprah and<br />former Starbucks CEO Howard Schultz. .<br />Oatley is backed by a number of big names,<br />including Natalie Portman, Oprah and<br />former Starbucks CEO Howard Schultz. .<br />Oatley is backed by a number of big names,<br />including Natalie Portman, Oprah and<br />former Starbucks CEO Howard Schultz.
