Connect with us

Business

Swedish Alternative Milk Brand Oatly Seeks US Stock Listing for $ 10 Billion | Food industry

Avatar

Published

on


Fashionable Swedish alternative milk brand Oatly is on the hunt for a U.S. stock quote that could value the company up to $ 10 billion ($ 7.1 billion).

Malm-based Oatly is skyrocketing as global demand for plant-based milk substitutes soars. The IPO follows the sale last summer of a minority stake to a star-studded group of investors that included US private equity firm Blackstone, Oprah Winfrey and Jay-Z. This deal valued the company at $ 2 billion.

On Tuesday, Oatly said it filed a confidential dossier for an initial public offering (IPO) with the United States Securities and Exchange Commission. The number of shares sold and the price range have yet to be decided, he said in a short statement.

Oatly has experienced stratospheric growth thanks to the combination of guerrilla marketing and the right timing as more people adopt a vegan or vegetarian diet, with sales nearly doubling to $ 200 million in 2019 and are expected to grow. the same in 2020.

Although founded in the early 1990s, Oatly was little known outside Sweden until Toni Petersson took over as managing director in 2012. The entrepreneur made the brand stand out by claiming that milk from oats are better for the planet than cow’s milk.

Sign up for the daily Business Today email

When a first time drinker said it tastes like shit! the company printed the view on its boxes. Petersson has also appeared in his commercials, including one where he stands in a field with a synthesizer, singing Wow, no cow! again and again.

More recently, the brand has faced a backlash from climate and political activists for the presence of Blackstone, led by Trump donor Stephen Schwartzman, on its stock ledger.

Oatly’s recipe was created by Professor Rickard Ste who co-founded the company with his brother Bjrn. These patents underpin the manufacturing process, and the academic remains the head of the science of the business.

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos



picture credit

ExBUlletin

to request, modification Contact us at Here or [email protected]