Oatly Reveals Growing Losses, Revenue in U.S. IPO Filing
- China Resources, Verlinvest, Blackstone are among backers
- Oatly could seek a value of $10 billion, Bloomberg reported
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Oatly Group AB, the vegan food and drink maker that touts the sustainability of its products, filed for a U.S. initial public offering as its losses and sales increase.
The Malmo, Sweden-based company in a filing Monday with the U.S. Securities and Exchange Commission listed the size of the offering as $100 million, a placeholder that will change when it sets terms for the share sale. Its existing investors will also sell shares as part of the offering.