Report: Chobani closing in on IPO money

|By:, SA News Editor

TPG is the lead bidder to win a minority stake in Chobani, according to Reuters.

An investment from the P-E firm could valuate Chobani at close to $2.5B.

Chobani has become a dominant force in the greek yogurt category, but took a mild PR hit last fall when Whole Foods Market snubbed it.

Retail analysts think a Chobani IPO would attract strong interest from investors.