Yogurt maker Chobani filed for an initial public offering with the Securities and Exchange Commission on Wednesday and will trade on the Nasdaq under the ticker symbol CHO, with hopes that the equity sale could give the business more value. $10 billion,
This comes just four months after the New York-based company announced It had filed a confidential registration statement for the proposed IPO with the SEC.
Wednesday’s filing, which did not include the terms of its offer, showed the company has reported an annual net loss every year since 2016, with sales rising from $1.29 billion in 2016 to $1.4 billion in 2020.
The company is best known for its Greek yogurt, and has manufacturing facilities in New York, Idaho and Melbourne, Australia.