Introducing yogurt to the US, Hamdi Ulukaya’s Chobani, born in Erzincan in 1972, plans to go public in the US in 2021.
According to the news in Marketwatch, Chobani with the IPO Valuation between 7 and 10 billion dollars waiting. The fruit yogurt company, founded 16 years ago, had recently expanded its segment of products such as cold coffee and cream. The company recently hired several CFOs.
“We will expand our segment with plant-based and oatmeal products as we establish the food company of the future. The IPO is an exciting decision. However, we do not expect a public offering to further grow our business. We continue to work.” Hamdi Ulukaya said in a statement about the public offering.
Chobani, which continues its activity in the US, put public offering on the agenda to support its expansion into new product groups. The resource obtained after the public offering is expected to be used for investment purposes for new products.
LAUNCHED THE COFFEE PRODUCT ON THE MARKET
Ulukaya, which entered the instant coffee market, which is the fastest growing segment of the U.S. soft drink industry, under the Chobani Coffee brand, launched its products in four different categories in the last week of January. .