Oatly Group AB American Depositary Shares [NASDAQ: OTLY] stock went on an upward path that rose over 7.19% on Friday, amounting to a one-week price increase of more than 5.57%. The company report on May 20, 2021 that Oatly Group AB Announces Pricing of Initial Public Offering.
Oatly Group AB (“Oatly”) announced the pricing of its initial public offering of 84,376,000 American Depositary Shares (“ADSs”), each representing one ordinary share, 64,688,000 of which are being offered by Oatly and 19,688,000 of which are being offered by certain selling shareholders, at a public offering price of $17.00 per ADS. The underwriters of the offering will also have a 30-day option to purchase up to an additional 12,656,400 ADSs from the selling shareholders at the initial public offering price. The ADSs are expected to begin trading on the Nasdaq Global Select Market on May 20, 2021 under the ticker symbol “OTLY.”.
The closing of the offering is expected to occur on May 24, 2021 subject to satisfaction of customary closing conditions.
Compared to the average trading volume of 13.44M shares, OTLY stock reached a trading volume of 3237929 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Oatly Group AB American Depositary Shares [OTLY]:
The Average True Range (ATR) for Oatly Group AB American Depositary Shares is set at 1.94
OTLY Stock Performance Analysis:
Oatly Group AB American Depositary Shares [OTLY] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.57.