By Dominic Chopping
STOCKHOLM--Swedish oat-milk maker Oatly AB said Tuesday that it has confidentially filed for an initial public offering in the U.S.
In a statement, the maker of oat-based drinks, yogurt, ice cream and spreads, said it has submitted a draft registration statement with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of American Depositary Shares representing its ordinary shares in the U.S.
The number of ADSs to be offered and the price range for the proposed offering have not yet been determined.
The initial public offering is expected to take place after the SEC completes its review process, subject to market and other conditions, it said.
Last year, Oatly sold a $200 million stake to a group led by private-equity giant Blackstone Group Inc. that included Oprah Winfrey, Natalie Portman, former Starbucks Corp. chief Howard Schultz and the entertainment company founded by Jay-Z.
The sale of the roughly 10% stake valued Oatly at about $2 billion, The Wall Street Journal reported at the time, citing people familiar with the matter.
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(END) Dow Jones Newswires
February 23, 2021 07:15 ET (12:15 GMT)Copyright (c) 2021 Dow Jones & Company, Inc.