Investing

Should You Invest in Oatly Following Its $1.4 Billion IPO?

The vegan food and drink company has been on a roll lately. Here’s what to consider before putting your money in.

Photographer: Gabby Jones/Bloomberg
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You may have tried oat milk in your coffee. But does it belong in your portfolio?

Oatly Group AB, a vegan food and drink maker from Sweden, just raised more than $1.4 billion in an initial public offering. American depositary shares of the company opened at $22.12, 30% above the IPO price of $17.