Oatly Group AB, a Swedish vegan milk maker, raised $1.4B

Oatly Group AB, a Swedish vegan milk maker, raised $1.4B with an initial public offering in the USA. The company is backed by Oprah Winfrey, Natalie Portman and rapper Jay Z, and currently sells its products across 20 markets across Europe, the United States and China. Much of the demand for plant-based foods, including vegan milk, is being led by millennials and generation Z consumers.

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