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Oprah-backed Oatly raises $1.4 billion in IPO -source

May 19 (Reuters) - Swedish vegan milk maker Oatly Group AB , which counts celebrities Oprah Winfrey and Natalie Portman among its backers, raised $1.4 billion in its U.S. initial public offering on Wednesday, a person familiar with the matter said.

The company, whose investors also include rapper Jay Z and former Starbucks Corp head Howard Schultz, priced 84.4 million American depositary shares in the initial public offering at $17 each, at the top of its indicated range, the person said. This implies a valuation for the company of $10 billion.

The source requested anonymity ahead of an official announcement. Oatly did not immediately respond to a request for comment. (Reporting by Echo Wang in New York Editing by Greg Roumeliotis and Leslie Adler)

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