Mere hours into Oatly's debut on the Nasdaq Exchange under the ticker symbol "OTLY," its corporate valuation has ballooned by billions. Oatly CEO Toni Petersson's net worth is following suit.
How much is Petersson worth now that Oatly has its own space in the public marketplace?
Toni Petersson's Oatly IPO raises $1.4 billion.
While retail investors await access to OTLY stock, the Oatly IPO is already underway. The shares, which started trading at $17, have raked in $1.4 billion to add to Oatly's already high corporate valuation.
Petersson says that Oatly expects to use the funding for oat milk product expansion purposes. That effort is already underway with its production facilities in Utah and Holland. The company is also adding buildings in Singapore and China to increase its global retail footprint.
Oatly's valuation after the IPO
Following the debut, Oatly's corporate valuation has reached $10 billion. This is a huge feat, especially given the fact that Petersson has been working toward this since he joined the then-18-year-old company in 2012.
The demand for oat milk is growing, as evidenced by Oatly's recent partnership with Starbucks (NASDAQ:SBUX), a public company with a $130.73 billion market capitalization.
Toni Petersson's net worth increases alongside Oatly's valuation
Petersson's entire net worth isn't in Oatly, but he does hold a substantial stake compared to other investors. Currently, he owns 1.5 percent of Oatly. At the $10 billion post-listing valuation, that makes Petersson's stake worth $150 million.
Petersson isn't the only one profiting off of Oatly's rise to stardom. Oprah Winfrey, Natalie Portman, and a firm owned by Jay-Z also back the brand behind an aggregate $200 million investment.
Toni Petersson is married and leads a private life.
Petersson was married prior to taking on his Oatly role. Petersson and his wife have two children together. A Swedish-Japanese man, Petersson lives in Höllviksnäs, Skane County, Sweden.
Is Toni Petersson a billionaire?
It isn't clear what the remainder of Petersson's assets outside of Oatly stock are worth or what his annual salary is as Oatly's CEO. However, we know that he's at least 15 percent of the way to being a billionaire based on his corporate stake alone.
Petersson has been in the limelight ever since Oatly debuted its poorly filmed Super Bowl ad featuring Petersson singing in an oat field. In the 30-second clip, Petersson plays a keyboard and sings, "It's like milk, but made for humans" and "Wow, wow, no cow."
The commercial, which was originally aired and banned in Sweden in 2014, landed Oatly some serious buzz for its whackiness. However, Petersson relished in the attention it brought Oatly. With his $150 million stake in Oatly, can you blame him?
With Oatly's IPO occurring around the same time as the SquareSpace offering, there's a lot going on in the market. Even unpredictable market conditions from inflation and other forms of economic recovery can't stop these companies from scoring investments from the masses.