Latham and Weil serve $ 1.4 billion IPO of vegan giant Oatly

Law360 (May 20, 2021, 2:24 p.m. EDT) – Swedish plant-based food company Oatly Group AB saw its shares rally Thursday after valuing an initial public offering of $ 1.4 billion at the top of its lineup , guided by Latham & Watkins LLP and underwriters’ counsel Weil Gotshal & Manges LLP.

Oatly, based in Malmö, Sweden, offered 84.4 million shares priced at $ 17 each, hitting the top of its $ 15 to $ 17 range. The IPO included 64.7 million shares sold directly by the company, plus 19.7 million shares offered by selling shareholders.

The main selling shareholder of the Oatly IPO is Nativus Company, a subsidiary of a company involving the Belgian investment company Verlinvest SA …

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Jamie Collins

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