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Oat milk maker Oatly raises $1.4B in IPO

Image courtesy of Oatly.

May 26, 2021

Oatly, a Sweden based manufacturer of oat milk, raised $1.4 billion in an initial public offering Thursday on the Nasdaq stock exchange, according to an Associated Press report.

Shares were priced at $17 apiece ahead of the IPO, giving the company a valuation of nearly $10 billion, trading under the ticker symbol OTLY.

Shares closed at $20.20 Thursday.