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White & Case Advises Oatly on US$10 Billion IPO

Global law firm White & Case LLP has advised Oatly on its US$10 billion initial public offering (IPO) and Nasdaq New York listing on the Nasdaq Global Select Market.

"White & Case has forged a strong and enduring relationship with Oatly since Verlinvest's investment in 2016," said White & Case partner Shoan Panahi, who led the Firm's deal team. "We previously advised Oatly on a number of transactions including, among others, the recent Blackstone-led US$200 million investment that also included Oprah Winfrey, Natalie Portman and Jay-Z-founded Roc Nation. 

"Having advised Oatly on its journey from a local Swedish company based in Malmö to a key global player and market leader, its US IPO and listing on Nasdaq Global Select Market is a clear demonstration of how our experience and capabilities successfully support clients in the pursuit of their key strategic global growth ambitions."

Oatly's shares started trading on Nasdaq New York on May 20, 2021. The offering was substantially over-subscribed, attracting strong interest from international investors. The company's market capitalization, based on the IPO price of US$17 per share, is approximately US$10 billion.

Based in Sweden, Oatly growing lifestyle brand and a pioneering, leading producer of plant-based, dairy-free food products which are available in more than 50,000 locations in more than 20 countries.

The White & Case team which advised on the transaction was led by partner Shoan Panahi (Stockholm) and included partners Jessica Chen, Victoria Rosamond (both New York), Carl Hugo Parment, Oscar Liljeson, Johan Thiman, Jonas Lagerroos, Martin Järvengren (all Stockholm), Martin Forbes, Nicola Chapman and Nicholas Greenacre (all London), and associates Jonas Johansson, Gustaf Wiklund, Sebastian Wallin, Marcus Halling, Alexander Berlin-Jarhamn, Victor Åberg, Ivana Sutalo, Josephine Martinsson (all Stockholm), Peter Shelburne, Charlotte Lan (both New York), Robert Beazley, Janam Nagra, Euan Fergusson and Francesca MacSwiney (all London).

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