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Chobani withdraws plans for IPO

Yahoo Finance Live's Seana Smith reports on yogurt company Chobani's announced withdrawal from its IPO plans.

Video Transcript

[AUDIO LOGO]

SEANA SMITH: Welcome back, Chobani officially withdrawing its plans for an initial public offering. Now, the yogurt company didn't offer a specific reason as to why it was pulling the IPO. Chobani initially filed to go public in November of 2021. And there were reports in March that it was putting its plans on hold.