China-backed Oatly raises $1.4b in US IPO
Oatly, a Swedish oat-based, dairy-free beverage brand backed by a joint venture between China Resources Group and Verlinvest, raised $1.43 billion in its US IPO, facilitating partial exits for several investors.
The company sold approximately 84.4 million American Depository Shares (ADS) – including 64.7 million held by existing investors – for $17 apiece, according to a statement. There is an overallotment...
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