Vegan milk model Oatly is planning a 2021 preliminary public providing that might increase $1 billion, sources acquainted mentioned.
The corporate, which is backed by Blackstone, Oprah Winfrey and Natalie Portman, has employed Morgan Stanley, JPMorgan Chase and Credit score Suisse to handle the providing, sources mentioned.
Oatly’s valuation will rely on the standing of the financial system within the face of the unsure Covid pandemic, the sources mentioned.
The corporate declined to remark.