Company: Reynolds Consumer Products
Exchange: Nasdaq Global
Proposed Symbol: REYN
CEO: Lance Mitchell
No. of Employees: 5,000 (as of 9/30/19)
Money to be raised in IPO (Offer Amount): $1.5 bn
Price Range Per Share: $25-$28
No. of shares to be sold in IPO (Shares Offered): $47.1 mm (23% of shares outstanding)
Estimated Market Cap: $5.1 bn- 5.7bn
Expected IPO Date: 1/31
State of Inc: DE
S-1 Overview 

“We are a market-leading consumer products company with a presence in 95% of households across the United States. We produce and sell products across three broad categories: cooking products, waste & storage products and tableware. We sell our products under iconic brands such as Reynolds® and Hefty® and also under store brands that are strategically important to our customers. Overall, across both our branded and store brand offerings, over 65% of our revenue for the year ended December 31, 2018 came from products where we hold the #1 U.S. market share position in the category, and in virtually all of our major product categories we hold either a #1 or #2 U.S. market share position by revenue. We have developed our market-leading position by investing in our product categories and consistently developing innovative products that meet the evolving needs and preferences of the modern consumer.”

Underwriters listed in S-1 

Lead Underwriters: Credit Suisse, Goldman Sachs, Jp Morgan 

Competitors: Pactiv, Dixie Consumer Products, Thompson Products, Huhtamaki, Imageworks Manufacturing, Mark- It Company, Itw Foil, and Mack Paper 

Notes

  • Provider for everyday household and kitchen utilities 
  • Founded in 2011
  • Based out of Lake Forest, Illinois 
  • Presence in 95% of US households 
  • REYN consists of four product segments: Reynolds Cooking and Baking, Hefty Tablewear, Hefty Waste and Storage, and Presto Products 
  • Revenue per Segment Distribution: 
  1.  Reynolds Cooking and Baking= 37%
  2. Hefty Tablewear= 24%
  3. Hefty Waste and Storage= 22%
  4. Presto Products= 17% 
  • $4.13 bn in assets (as of 10/30/19)
  • Total Net Revenues 
  1. 2014= $2.878 bn
  2. 2015=$2.968 bn
  3. 2016= $2.935 bn
  4. 2017= $2.957
  5. 2018= $3.142 bn
  6. 2019= $2.197 bn
  • Cash= 15mm (as of 10/30/19)