{"id":107672,"date":"2021-01-07T14:38:34","date_gmt":"2021-01-07T14:38:34","guid":{"rendered":"https:\/\/precoinnews.com\/?p=107672"},"modified":"2021-01-07T14:38:34","modified_gmt":"2021-01-07T14:38:34","slug":"oprah-backed-oatly-plans-ipo-as-oat-milk-continues-to-drive-non-dairy-market","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/markets\/oprah-backed-oatly-plans-ipo-as-oat-milk-continues-to-drive-non-dairy-market\/","title":{"rendered":"Oprah-backed Oatly plans IPO as oat milk continues to drive non-dairy market"},"content":{"rendered":"
Black Cat Dairy co-founder Jason Leedle provides insight into farmers dumping milk because the demand isn’t there. <\/p>\n
Oat milk could be the next cash cow.<\/p>\n
Continue Reading Below<\/p>\n
A source familiar with Sweden-based Oatly, which uses oats to make vegan products like milk, yogurt, and cheese, tells FOX Business that reports of a potential IPO are accurate.<\/p>\n
The company, backed by the likes of Oprah Winfrey, Natalie Portman, and rapper Jay-Z’s entertainment company Roc Nation, could raise $1 billion and has reportedly hired Morgan Stanley, JP Morgan Chase and Credit Suisse to advise on the IPO, according to CNBC. Blackstone Group last July led a $200 million round of funding for Oatly.<\/p>\n
Oatly did not return a request for comment.<\/p>\n