The Lund research-based oat milk brand has floated in a $1.43bn IPO on the Nasdaq Global Select Market after pricing shares at $17.
Oatly, a Sweden-founded oat milk maker leveraging the research conducted at Lund University, has listed on the Nasdaq Global Select Market in a $1.43bn initial public offering.
The company issued almost 84.4 million American Depositary Shares – representing the same number of ordinary stock – priced at $17 apiece. It is trading under the symbol OTLY and shares are trading at $22.46 at the time of publication.
Oatly was founded in 1994 to advance research at…
