Chobani withdraws from public offering

NEW BERLIN, NY. — Chobani requested to withdraw its registration assertion with the Securities and Alternate Fee (SEC) on Sept. 2.

The corporate initially filed the registration assertion in November 2021, reportedly looking for a valuation between $7 billion and $10 billion.

“Given the present market situations, now we have determined to withdraw our S-1 Registration Assertion at the moment filed with the Securities & Alternate Fee,” mentioned a spokesperson for Chobani. “Our focus stays on robust execution and driving worthwhile development, and we proceed to be enthusiastic about the way forward for Chobani.” 

Since submitting, Chobani has expanded its product line with a give attention to dairy alternate options, together with plant-based espresso creamers and lactose-free half and half. Chobani additionally lost its president and chief working officer, Peter McGuiness, to Inconceivable Meals in March 2022.

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