Alt-Milk Maker Oatly Files for IPO
Hoping to benefit from the popularity of more eco-friendly food products -- such as those made by Beyond Meat -- Oatly Group has filed the paperwork for an initial public offering (IPO).
Oatly, which is based in Sweden but has a healthy presence in the U.S., has not yet set the price nor the number of American depositary shares (ADS) it will float in the IPO. It did say it will utilize the proceeds "for working capital, to fund incremental growth, including our planned expansion, and other general corporate purposes."
Image source: Oatly Group.
Source Fool.com
