Business

Reynolds launches IPO at $26 per share

Posted January 31, 2020 12:00 am

LAKE FOREST - Reynolds Consumer Product has set the price for its initial public offering at $26 per share.

The maker of Reynolds Wrap aluminum foil, Hefty bags and other consumer products is offering slightly more than 47 million shares of its common stock in its launch on the Nasdaq Globval Market that started and extends through Tuesday.

Reynolds is trading under the ticker symbol REYN.

Credit Suisse Securities (USA) LLC, Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC are acting as joint lead bookrunning managers for the offering. Barclays Capital Inc., Citigroup Global Markets Inc., Evercore Group L.L.C., RBC Capital Markets, LLC and HSBC Securities (USA) Inc. are also acting as joint bookrunning managers. Stifel, Nicolaus & Company, Incorporated, SunTrust Robinson Humphrey, Inc. and Academy Securities, Inc. are acting as co-managers.

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