How to buy shares in Oatly (OTLY)
Swedish-founded alternative milk company Oatly (OTLY) is set to go public on May 19, here's how to buy shares in OTLY on Stake.
What is Oatly?
Swedish-founded alternative milk company Oatly (OTLY) is set to go public. Backed by stars like Oprah and Natalie Portman, the company is expected to be valued between US$8.9b and US$10.1b when it debuts on the New York Stock Exchange.
The company did US$421m in revenue in 2020, a 106% increase from the year prior.
How to buy shares in Oatly (OTLY)?
During Wednesday’s session on 19 May, Oatly (OTLY) will complete an Initial Public Offering (IPO). At some point during the session, $OTLY will become available to investors.
Here are a few things to keep in mind for those looking to invest.
An Initial Public Offering (IPO) brings private companies to the public market.
It gives existing, internal shareholders a chance to sell their shares to institutions and retail investors. An IPO also allows the listing company to raise money.
Typically, an investment bank underwrites the process. The bank will determine fair value for a company’s shares, buy the shares and then sell the shares to its network of funds, banks, and investors through exchanges.
Buying on Stake
Investors will only be able to submit an order for $OTLY once it is live. This is often an unknown time after the market opens once the pre-listing auction is complete. While the stock page may be visible on the website and app, no orders can be placed until the stock is officially trading.