Chobani brand name greek yogurt is shown inside an Albertsons Vons supermarket in San Diego, California
Bing Guan | Bloomberg | Getty Images
Chobani is thinking about going public later on this year through a going public.
The Wall Street Journal reported initially reported the news. According to the paper, the food business is looking for an evaluation of $7 billion to $10 billion.
Founded in 2005, Chobani is best understood for its line of Greek yogurts, however in the last 2 years, it’s been branching off into various classifications as sales development of its signature item has actually slowed. It’s launched oat milks, coffee creamers, probiotics beverages and even ready-to-drink coffee.
“As we create the food company of the future, we’ll look at all options carefully to fuel our ambitious plans, especially with oatmilk and plant-based products,” Chobani creator and CEO Hamdi Ulukaya stated in a declaration. “An IPO is definitely one exciting direction but whether or not we’re public, we’ll keep disrupting and making things better.”
Hoopp Capital Partners, the personal financial investment arm of the Healthcare of Ontario Pension Plan, has actually owned a minority stake in Chobani given that 2018, when personal equity company TPG Capital left its own financial investment.
Chobani’s IPO might pit it versus Oatly, the Swedish business that assisted promote oat milk. CNBC has actually reported that Oatly is likewise aiming to go public later on this year.
