Saturday 22 May 2021

Oatly shares surge in U.S. market debut, valuing oatmilk maker at $13 bln

Oatly shares surge in U.S. market debut, valuing oatmilk maker at $13 bln

Shares of Oprah Winfrey-backed Oatly Group AB (OTLY.O) jumped 30% in their market debut on Thursday, valuing the Swedish oatmilk maker at about $13 billion, as demand for plant-based food products surges globally.
Read more: https://www.reuters.com/business/oprah-backed-oatly-valued-13-bln-us-debut-2021-05-20/?source=Snapzu

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