IPOs

Oprah’s Oatly aims for IPO

Celebrities like Jay-Z also back the brand

Oatly has formally filed paperwork Monday for an initial public offering in the US, nine months after private-equity giant Blackstone and a handful of high-profile celebrities took a stake in the oat milk producer.

The Malmö, Sweden-based company entered the US market in 2017 with its alternative dairy products that have grown in popularity among consumers seeking healthier options with less impact on the environment.

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Tesla’s EU Sales Slumped in May Despite EV Market GrowthExternal link

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