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Oprah-backed Oatly valued at $13 bln in U.S. debut

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Reuters
Reuters
 27 days ago
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The Oatly factory is seen in Landskrona, Sweden May 20, 2021. TT News Agency/Johan Nilsson via REUTERS

Shares of Oprah Winfrey-backed Oatly Group AB (OTLY.O) rose 30% in their market debut on Thursday, fetching the world's largest oat milk company a valuation of about $13 billion as consumer demand for plant-based dairy picks up.

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