Oprah-Backed Drink Maker Oatly Files for U.S. IPO

Oatly brand oat milk.Photographer: Gabby Jones/Bloomberg
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Oatly AB, the vegan food and drink maker backed by celebrity entrepreneurs Oprah Winfrey and Jay-Z, has confidentially filed for an initial public offering in the U.S.

The listing will take place once the U.S. Securities and Exchange Commission has completed a review process, Malmo, Sweden-based Oatly said in a statementBloomberg Terminal Tuesday. It didn’t provide further details on terms of the planned sale.