Oatly, the world's biggest oat milk company, set to go public
CBSN
Oatly, the world's largest oat milk company, will raise $1.4 billion in an initial public offering Thursday on the Nasdaq stock exchange, capitalizing on a global surge in demand for its products.
Oatly priced its shares at $17 apiece ahead of the IPO, giving the company a valuation of nearly $10 billion. It will trade under the ticker symbol "OTLY." It's the latest milestone in the rapid rise of oat milk, which is winning consumers — and famous investors like Oprah Winfrey — with the message that it's healthier and more environmentally sustainable than cow's milk. Once a niche product designed for people who were lactose intolerant, Oatly oat milk is now on the menu at Starbucks, in the grocery aisle at Target and sold online by Alibaba in China.On May 7, health influencer Paul Saladino, M.D.. posted a video to his X account that promoted feeding "raw dairy" to infants. The post received over 90,000 views and sparked strong backlash before it was removed the following day. Saladino regularly advocates for "animal-based" diets featuring raw milk, including on his TikTok channel where he has over half a million followers.
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New research is adding to the evidence linking ultra-processed foods to health concerns. The study tracked people's habits over 30 years and found those who reported eating more of certain ultra-processed foods had a slightly higher risk of death — with four categories of foods found to be the biggest culprits.