Karat Packaging IPO Info

Company Name: Karat Packaging
Stock Symbol: KRT
Exchange: NASDAQ
Status: Priced
IPO Date: 4/15/2021
IPO Price: 16.00 (7.50%)
Underwriters
Stifel, William Blair and Truist Securities

Amount of Offering: N/A
Number of Shares Offered: 3.95 Mil
Shares Outstanding After Offering: N/A
Valuation: N/A
Company Description
Karat Packaging Inc. is a specialty distributor and manufacturer of a wide range of environmentally friendly, disposable foodservice products and related items, primarily used by national and regional restaurants and in foodservice settings throughout the United States. Its products include food and take-out containers, bags, tableware, cups, lids, cutlery, straws, specialty beverage ingredients, equipment, gloves and other products. The Company's eco-friendly Karat Earth line offers quality, sustainably focused products that are made from renewable resources. Karat Packaging also offers customized solutions, including new product development and design, printing, and logistics services.

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