Chobani IPO Date: Chobani Stock Forecast 2021, Stock Price, Prediction Analysis
An initial public offering of Chobani, the yoghurt company best known for its strained varieties, was announced by the company on Wednesday.
For yet, the business hasn’t decided how many shares it intends to sell or how much it intends to charge for its proposed sale.
When it comes to yoghurt, oatmilk, plant-based creamers and probiotic drinks and ready-to-drink coffee, Chobani is the Turkish word for “shepherd.”
To start Hamdi Ulukaya’s company in 2005, he borrowed a modest amount of money and bought an ageing yoghurt factory, according to its website. In 2007, the first cup of Chobani Greek yoghurt was available for purchase
The Wall Street Journal reported in February that Chobani was aiming for an IPO valuation of $7 billion to $10 billion.
They have factories all throughout the world.
Chobani Files Confidential Registration Statement for Proposed Initial Public Offering
Chobani has filed a confidential draught registration statement with the Securities and Exchange Commission (SEC) on July 6, 2021, for a proposed underwritten public offering of common stock, according to the company’s press release. As of now, we don’t know how many shares of common stock will be sold or how much they will cost. After the SEC review process is complete, Chobani hopes to begin the public offering, subject to market and other conditions
Rule 135 of the Securities Act of 1933, as modified, mandates that this announcement be issued (the “Securities Act”). Under Rule 135, this release does not constitute an offer to sell or solicitation of an offer to buy securities, and it shall not constitute an offer, solicitation or sale in any jurisdiction where such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction. The Securities Act requires that all offers, solicitations, or offers to buy or sell securities be registered.
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About Chobani
Chobani is a food maker with a mission of making high-quality and nutritious food accessible to more people, while elevating our communities and making the world a healthier place. In short: making good food for all. In support of this mission, we are a values-driven, people-first, food-and-wellness-focused company, and have been since Hamdi Ulukaya, an immigrant to the U.S., founded the company in 2005. We produce yogurt, oatmilk, dairy- and plant-based creamers, ready-to-drink coffee and plant-based probiotic drinks. Chobani yogurt is America’s No.1 yogurt brand, and it’s made with only natural ingredients without artificial preservatives.
Chobani uses food as a force for good in the world – putting humanity first in everything we do. Our philanthropic efforts prioritize giving back to our communities and beyond: working to eradicate child hunger, supporting immigrants, refugees and underrepresented people, honoring veterans, and protecting the planet. We manufacture our products in New York, Idaho, and Australia.
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