May 23, 2021
We are really serious and ambitious about what we’re going to do here.Oatly CEO Toni Petersson on the company’s public offering. Initially valued at $10 billion, the company’s hot stock pushed its market cap beyond $13 billion.
- Oatly launched in the 1990s in Sweden.
- Oat milk debuted in the United States around 5 years ago.
- Sales of oat milk products tripled in the last year.
- Why It Matters: The success of Oatly reflects the interest (and potential!) in non-dairy products. The company positions itself not only as a dairy alternative but a brand that is “better for people and the planet.”
Oatly shares soar 18% in company’s public market debut on Nasdaq – You can listen to an interview with the Oatly CEO HERE.
by Jenna Lee,