Oat Milk Company Oatly Planning Stock Market Launch This Year
Oat milk company Oatly is planning an initial public offering (IPO) this year! Also known as a stock market launch, this would enable consumers to invest directly in the company. CNBC reported that the IPO could raise an impressive $1 billion, depending on the economy in the wake of the pandemic.
Known for their clever advertisements, Oatly boasts a full line of products in Europe and the United States. All of their products, which include oat milk, yogurt, and ice cream, are made from GMO-free Swedish oats.
In a promise to be a good company, Oatly states on their website, “We believe we should eat stuff that we can grow instead of growing stuff to feed animals and then eat them.”
The company’s move to the United States began in 2017 when Oatly oat milk appeared in coffee shops around New York City. In 2018, Oatly opened a new 19,000-square-foot facility in Millville, New Jersey, to meet the demand for their products. This new facility expanded the Swedish brand’s production capacity by eight times.
Reports say Oatly’s popularity has only increased since then, the company earning $400 million in 2020—double the amount in 2019!
Oatly offers a variety of delectable dairy-free products, including ice cream and yogurt, in U.S. grocery stores. You can also find Oatly oat milk at Dunkin’ and Starbucks locations nationwide.
In July 2020, Oatly sold a $200 million stake in the company to Oprah Winfrey; Natalie Portman; former Starbucks CEO Howard Schulz; Roc Nation, the entertainment agency founded by Jay-Z; and global investment company Blackstone Group. Oatly CEO Toni Petersson stated:
Our new partners’ commitment to supporting us and furthering our mission is a clear indication of where the world is heading, which is in a new, more sustainable direction.
Oatly’s success is just another sign that plant-based companies are taking over! Looking to experiment with different delicious vegan dairy products? Check out these 7 dairy-free milk brands and these 9 incredible vegan dairy products.
For vegan recipes and tips on adding more plant-based foods to your routine, download our FREE Vegetarian Starter Guide.