Deals
Yogurt Maker Chobani Files for IPO Showing Sales Gain, Risks
- Labor shortages, supply chain issues listed among risk factors
- Food, beverage companies have fared poorly in a IPO busy year
Hamdi Ulukaya, founder and chief executive officer of Chobani.
Photographer: Misha Friedman/BloombergThis article is for subscribers only.
Chobani Inc. filed for an initial public offering, disclosing steady growth as it continues to build on sales of its namesake yogurt brand and add newer products such as oat milk.
The 16-year old company listed the size of the offering as $100 million, according to a filing Wednesday with the U.S. Securities and Exchange Commission. That’s a placeholder that will change when it sets terms for the share sale.