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Oatly plans IPO as plant-based milk goes mainstream

by Amy Scott

May 19, 2021

A tour of the dairy case shows the rise of milk alternatives.

Oatly, the Swedish maker of oat milk, will start selling shares to the public on Thursday, in an offering expected to value the company at $10 billion. The market for milk substitutes has been growing rapidly, with Nestle just releasing its own version made from peas.

PHILIPPE HUGUEN/AFP/Getty Images

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