Alt-Milk Maker Oatly Files for IPO

Hoping to benefit from the popularity of more eco-friendly food products -- such as those made by Beyond Meat -- Oatly Group has filed the paperwork for an initial public offering (IPO). Oatly, which is based in Sweden but has a healthy presence in the U.S., has not yet set the price nor the number of American depositary shares (ADS) it will float in the IPO. Oatly's stock in trade is oat milk, which it argues has far less impact on the global ecosystem than the traditional milk drawn from cows.