The Swedish manufacturer of vegetable milks Oatly, one of the pioneers of a rapidly developing sector, announced on Tuesday that it had filed a file for an IPO on the New York Stock Exchange.
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The world leader in oat milk, based in Malmö in southern Sweden, has an estimated valuation in the billions of dollars, boosted by the rise of vegan and vegetarian diets.
“The number (of shares) that will be offered and the price range for the offering have not yet been determined.
The IPO offer is expected after the completion of a review by the SEC, "
the US stock market policeman, and is subject to
" market and other conditions, "
Oatly wrote in a statement .
Fundraising of 200 million dollars
Founded in the 90s and present today in some twenty countries, the Swedish company has really taken off in recent years, driven by arguments in favor of the benefits of alternatives to milk for health, the environment and even animal welfare, which brought him legal battles with the dairy sector.
It employs around 550 people around the world.
In July 2020, the company announced a fundraising of 200 million dollars, with the entry into the capital of the Blackstone fund, or even the star of American television Oprah Winfrey or actress Natalie Portman, valuing Oatly at $ 2 billion.
If sales are still relatively modest according to analysts - the company does not publish its accounts - Oatly's oat milk is also seen as a strong rival for other plant-based milks that are better established, such as soy milk or almond, in addition using an inexpensive cereal.
Among its products, the Swedish company offers alternatives to milk, but also to ice cream, yoghurts and spreads.
