Chobani is Eyeing an IPO Later this Year

Chobani is considering going public later this year through an initial public offering.

The Wall Street Journal reported first reported the news. According to the newspaper, the food company is seeking a valuation of $7 billion to $10 billion.

Founded in 2005, Chobani is best known for its line of Greek yogurts, but in the last two years, it’s been branching out into different categories as sales growth of its signature product has slowed. It’s released oat milks, coffee creamersprobiotics drinks and even ready-to-drink coffee.

To read the rest of the story, please go to: CNBC