Reynolds Consumer Products Inc. (NASDAQ: REYN) was highlighted in a recent article on Fox Business Network that addressed the wrapping of its portfolio into a initial public offering that could raise up to $1.52 billion. According to a regulatory filing, Reynolds offered just over 47 million shares at $26 per share, on the low side of the initial price range of $25-$28 per share. Per the update, that would value the company, which sells cooking, waste and storage products through brands including Reynolds(R) and Hefty(R), at $5.3 billion.
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About Reynolds Consumer Products Inc.
RCP’s mission is to simplify daily life so consumers can enjoy what matters most. RCP is a leading consumer products company that sells its products in 54 countries across the world. RCP sells its products under iconic brands such as Reynolds(R) and Hefty(R) and also under store brands. For more information, visit www.ReynoldsConsumerProducts.com.
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