Chobani Considers Initial Public Offering In 2021
Chobani, the yogurt company with a Twin Falls plant of more than 700 employees, is considering the possibility of an initial public offering later this year, according to the Wall Street Journal.People familiar with the matter say the IPO could value Chobani to as much as $10 billion.
The Journal reports Chobani has flirted with the idea of an IPO for years, but in previous attempts the company hit the brakes. In 2016, Chobani rejected a bid from PepsiCo to buy a majority stake in the company.
Chobani founder Hamdi Ulukaya told the newspaper the company was considering "all options" to support its growth.
According to Chobani, its yogurt plant in Twin Falls contributes to more than 8,000 indirect jobs in Idaho.
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