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Business 21 May 2021 | 7:00 AM

Oprah-backed Oatly raises US$1.4bil in IPO

NEW YORK: Swedish vegan milk maker Oatly Group AB, which counts celebrities Oprah Winfrey and Natalie Portman among its backers, raised US$1.4bil (RM5.74bil) in its US initial public offering yesterday, the company said in a statement.