Oatly Hitsbr the Market Withbr $10 Billion IPO.br On Thursday, Swedish oat milk brand Oatly listedbr on Nasdaq under the stock ticker “OTLY.”.br Pre-market debut, the companybr priced its shares at $17 each, giving itselfbr an implied valuation of $10 billion.br Oatly raised over $1.4 billion from thebr sale of existing and new equity. .br Shares soared 24 percent duringbr its public market debut.br The stock opened at $22.12, increasing thebr company’s market value to $13.1 billion. .br Oatly’s reach has expanded rapidly in recent years. .br It made its debut inbr U.S. coffee shops onlybr five years ago.br The company’s signaturebr oat milk product is now soldbr across more than 20 countriesbr in over 32,000 coffee shopsbr and 60,000 retailers. .br Its revenue reachedbr $421.4 million in 2020,br with retailers accountingbr for three-fourths of sales. .br Oatley is backed by a number of big names,br including Natalie Portman, Oprah andbr former Starbucks CEO Howard Schultz. .br Oatley is backed by a number of big names,br including Natalie Portman, Oprah andbr former Starbucks CEO Howard Schultz. .br Oatley is backed by a number of big names,br including Natalie Portman, Oprah andbr former Starbucks CEO Howard Schultz.