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Oprah-Backed Vegan Milk Brand Oatly Said to Plan 2021 U.S. IPO

  • Listing could value Swedish group at up to $5 billion
  • Investors include Jay-Z, Natalie Portman and Blackstone
Oatly oat milk

Oatly oat milk

Photographer: Leon Neal/Getty Images

Oatly AB is considering an initial public offering that could value the Swedish maker of vegan food and drink products at as much as $5 billion, according to people with knowledge of the matter.

Malmo-based Oatly has held talks with advisers about a U.S. listing in the first half of 2021, the people said, asking not to be identified as the information is private. Oatly has also considered Hong Kong as a listing venue, the people said.