Oatly Makes Plans to Go Public
Oat Milk Maker Could Be Valued at $5 Billion
Oatly, the plant-based food and beverage company, has confidentially filed for an IPO. Oatly is best known for its oat milk products and has partnerships with several large restaurant chains, including Starbucks (SBUX). It also sells its products online and in grocery stores. You may also recognize them from their Super Bowl ad, which is being called, “either the worst or best to ever air during the big game.”
Oatly is based in Sweden and has a presence in over 20 countries across Europe, Asia, and North America. Analysts say the company could be valued at over $5 billion.
Oatly Makes a Splash
Oatly was founded in the 1990s. It came to the United States in 2016 and since then has seen explosive growth. Oat milk sales in the US climbed about 350% year-over-year as of September 2020. Oat milk is currently the second most popular plant-based dairy option in the US, after almond milk.
Last summer, Oatly raised $200 million in equity from a group led by Blackstone (BX) which includes celebrities Oprah Winfrey, Natalie Portman, and Jay-Z. Howard Schultz, the former CEO of Starbucks, also participated in the round, which generated buzz about a potential IPO for the company. But until yesterday, the company had not shared concrete plans to go public.
The Plant-Based Food Industry is Poised for Growth
The plant-based food industry has gained significant attention from investors in recent years. A growing number of large restaurant chains and grocery stores are offering plant-based substitutes for milk, meat, and other products. These products are particularly popular among millennials and Gen Z.
Beyond Meat (BYND) has seen its sales and its stock price surge since it went public during the spring of 2019. More traditional food brands like Kellogg (K) and Tyson Foods (TSN) are also looking to gain market share in this booming industry. Soon, investors interested in the plant-based boom will be able to take a sip of Oatly.
Please understand that this information provided is general in nature and shouldn’t be construed as a recommendation or solicitation of any products offered by SoFi’s affiliates and subsidiaries. In addition, this information is by no means meant to provide investment or financial advice, nor is it intended to serve as the basis for any investment decision or recommendation to buy or sell any asset. Keep in mind that investing involves risk, and past performance of an asset never guarantees future results or returns. It’s important for investors to consider their specific financial needs, goals, and risk profile before making an investment decision.
The information and analysis provided through hyperlinks to third party websites, while believed to be accurate, cannot be guaranteed by SoFi. These links are provided for informational purposes and should not be viewed as an endorsement. No brands or products mentioned are affiliated with SoFi, nor do they endorse or sponsor this content.
Communication of SoFi Wealth LLC an SEC Registered Investment Advisor
SoFi isn’t recommending and is not affiliated with the brands or companies displayed. Brands displayed neither endorse or sponsor this article. Third party trademarks and service marks referenced are property of their respective owners.
SOSS21022402
All your finances.
All in one app.
App Store rating
