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Plant-Milk Maker Oatly Aims for $1.6 Billion Nasdaq Listing, Though Chinese Backing Could Prove a Problem

2021年05月13日 19:53 来源于 财新网
Swedish company could win a $10 billion valuation if U.S. regulatory concerns don’t sour progress
Oatly plans to further expand its business in China, its biggest Asian market, according to the prospectus. Photo: Oatly

Major plant-based milk-alternative maker Oatly Group AB has spelled out its IPO pricing, though questions remain about whether its ties with a Chinese state-owned backer could affect its Nasdaq listing.

The Swedish company expects to raise up to $1.65 billion with an offering price of between $15 to $17 per American depositary share, it said in its updated prospectus on Tuesday. That would give it a $10 billion valuation.

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