oat milk company goes public

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.

BTW – Are you ready for the new nut milk? Hint: It’s green.

by Jenna Lee,