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crudeoil24

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crudeoil24

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Wednesday, 05/19/2021 5:32:51 PM

Wednesday, May 19, 2021 5:32:51 PM

Post# of 63
The Oatly IPO is expected to price late Wednesday ahead of the vegan dairy company's trading debut, as alternative milk products, once banished to health food stores, go mainstream.

The Swedish company is offering 84.4 million American depositary shares for $15-$17 a piece, raising about $1.35 billion in proceeds. If the Oatly IPO prices at the high end, the company's valuation would top $10 billion.

Starting Thursday, Oatly stock will trade on the Nasdaq under the ticker "OTLY."

Morgan Stanley (MS), JPMorgan Chase (JPM) and Credit Suisse (CS) are the lead underwriters of the Oatly IPO.

Oatly disclosed 2020 financials that showed sales jumped 106% to $421.4 million, while losses widened to $60.4 million from $35.6 million in 2019.

New York Yankees and Duke Basketball

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Volume:
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Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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