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Chobani is considering an IPO that could land the company up to $10 billion, according to a published report.
Sources told the Wall Street Journal that the company is eyeing an IPO this year. The cash infusion would help Chobani nurture and expand several new products, including cold coffee and oat milk.
However, the company has been the subject of IPO talk before that went nowher. It refused a takeover bid by PepsiCo in 2016.
Also in 2016, Hamdi Ulukaya, Chobani’s founder and CEO, announced that if and when it goes public, its approximately 2,000 employees will get a collective stake in the company of up to 10%.
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