The leaders of the state’s top producing Greek yogurt manufacturer are moving out of state, but why?

Rumors began about Chobani becoming a publicly traded company last month after they received a $750 million loan from private equity firm TPG Capital. An IPO seems increasingly likely since the New York Post reports that Chobani, quietly, moved its corporate headquarters to Delaware last month.

Over 50% of the nations publicly traded companies are headquartered in Delaware because of the state’s corporate-friendly laws. Over 60% of Fortune 500 companies also call the nation’s first state home.

There is no indication that Chobani plans to relocate its manufacturing plant in New Berlin.