Chobani Considers 2021 IPO

Chobani Considers 2021 IPO

Chobani, the American food company specialized in strained yogurt, is contemplating going public in 2021 via an initial public offering. It strives to grow in various areas and become a modern food company.

The company launched RTD cold brew coffees just last month as a means to expand beyond dairy. Moreover, it has also begun to manufacture oat-based milks and creamers as well as create yogurts mixed with nut butters for children.

“We’ve got a lot of plans to go beyond yogurt,” Peter McGuinness, president of Chobani, said last summer. “We absolutely have accelerated [our innovation] and there is no turning back because you can’t plateau or you go backward, which is why we’re just continuing to set a higher bar. Expect us to continue this pace for quite a while.”

In December of 2020, Chobani began to expand probiotics with a line of yogurts, drinks and pouches loaded with the microorganism amid the growing demand throughout the coronavirus pandemic.

“As we create the food company of the future, we’ll look at all options carefully to fuel our ambitious plans, especially with oat milk and plant-based products,” Chobani founder and CEO Hamdi Ulukaya said in a statement. “An IPO is definitely one exciting direction but whether or not we’re public, we’ll keep disrupting and making things better.”