Reynolds Consumer Products (REYN) IPO Opens 6% Higher

(Updated - January 31, 2020 10:38 AM EST)

Today's IPO for Reynolds Consumer Products Inc. (NASDAQ: REYN) opened for trading at $27.50 after pricing 47,170,000 shares at $26 per share.

In addition, the Company granted the underwriters a 30-day option to purchase up to 7,075,500 additional shares of common stock at the public offering price, less underwriting discounts and commissions.

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.

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® and Hefty® and also under store brands.

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