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Swedish alt-milk brand Oatly seeks $10bn US stock market listing

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Sales have soared for the Malmö-based firm as more people embrace a vegan or vegetarian diet

Fashionable Swedish alt-milk brand Oatly is seeking a US stock market listing that could value the business at as much as $10bn (£7.1bn).

Malmö-based Oatly is riding high as global demand for plant-based milk alternatives soars. The flotation follows last summer’s sale of a minority stake to a starry group of investors that included US private equity firm Blackstone, Oprah Winfrey and Jay-Z. That deal valued the company at $2bn.

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