MALMO: Oatly Group AB, the vegan food and drink maker that touts the sustainability of its products, filed for a US initial public offering as its losses and sales increase.
The Swedish-based company in a filing Monday with the US Securities and Exchange Commission listed the size of the offering as US$100mil (RM410mil), a placeholder that will change when it sets terms for the share sale. Its existing investors will also sell shares as part of the offering.
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