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As demand for plant-based dairy surges, Oprah Winfrey’s vegan milk maker Oatly is expecting $10 billion valuation of the company in an initial public offering in US.The oat milk company aims to raise about $1.43 billion with the help of the IPO and use it to clear debt and fund the company’s expansion.Oatly—the largest oat milk company in the world—currently supplies its products in more than 7,500 retail stores and about 10,000 coffee shops across the United States.According to a regulatory filing, the company’s investors including American rapper Jay Z and former head of Starbucks Howard Schultz would offer nearly 65 million American Depositary Shares and an additional 20 million shares from existing shareholders priced between $15 and $17 apiece.Due to the pandemic, people are becoming more health-conscious and opting for plant-based foods as they are cautious of rising infections in factories and processing plants.As cafes, restaurants and many fast-food chains are also creating new menus including plant-based products, investors are keen in investing in the plant-based food sector.Similarly, supermarkets and retail stores have also included more plant-based products in their stores.Starbucks had started two new beverages from Oatly milk, an Iced Brown Sugar Oatmilk Shaken Espresso and Honey Oatmilk Latte.(With inputs from Reuters)