Chobani founder seeks frothy IPO cream

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An Oatly-like valuation for Greek-yogurt maker Chobani could make the founder's stake potentially worth $8 bln. Valued like Danone, he would be worth about a quarter of that. A valuation closer to the latter is reasonable, says sharonlamhk

Greek-yoghurt company Chobani on Nov. 17 filed for an initial public offering in New York.

The company said net sales rose to $1.4 billion in 2020, compared to $1.3 billion in 2019. Sales rose 14% year-on-year in the nine months through Sept. 25 to $1.2 billion. It reported a net loss of $59 million in 2020, compared to $19.4 million the previous year.Source: REUTERS/Mike Blake Greek-yogurt maker Chobani is shown for sale in a grocery store in San Diego, California, July 7, 2021.

 

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sharonlamhk Dannon is spelled wrong.

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