Seeking Alpha

Report: Chobani closing in on IPO money

  • 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.
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