Showing no signs of slowing down growth or innovation since its inception, Greek-yogurt maven, Chobani, has reportedly made a pivotal new move in its quest to go public, confidentially filing regulatory paperwork for its initial public offering (IPO). As the news of its potential stock market listing has hit the wires, it has also been reported by sources familiar with the matter that the company could be valued at over $10 billion.
Chobani was founded in 2005 by Hamdi Ulukaya, a Turkish immigrant to the U.S., with the first cup of Chobani Greek yogurt officially hitting store shelves in 2007. Since then, the company has expanded from yogurt to oatmilk, dairy- and plant-based creamers and probiotic beverages, and ready-to-drink coffee, earning the attention of investors, according to a report from Reuters.
Currently, Chobani has factories in New York, Idaho, and Australia.
While the number of shares the yogurt maven plans to sell or the price range of its proposed offering have not yet been determined, the U.S. capital market has hit all-time records recently in terms of capital raised through IPOs, the press release stated.
As more details of Chobani’s potential IPO become known, Deli Market News will be here to report the latest.
