Oatly’s IPO raised $1.43bn, and the $17 price tag — first reported by The Wall Street Journal — gave the celebrity-backed company a valuation of roughly $10bn. Oatly had set its sights on raising between $1.27bn and $1.43bn by selling roughly 84.4m American Depositary Shares at a price of $15 to $17 apiece, according to a regulatory filing. The proceeds will go to the company and selling shareholders.

Oatly’s stock will begin trading on the Nasdaq Stock Market on 20 May under the symbol OTLY.