Oatly Group AB has formally filed paperwork Monday for an initial public offering in the U.S., nine months after private-equity giant Blackstone Group Inc. and a handful high-profile celebrities took a stake in the oat milk producer.
The Malmö, Sweden-based company entered the U.S. market in 2017 with its alternative dairy products that have grown in popularity among consumers seeking healthier options with less impact on the environment.
