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Pactiv Evergreen Priced, Nasdaq: PTVE

Largest manufacturer of fresh food and beverage packaging in North America.

Industry: Materials

Latest Trade: $13.33 0.00 (0.0%)

First Day Return: -21.9%

Return from IPO: -4.8%

Industry: Materials

We are the largest manufacturer and distributor of fresh foodservice and food merchandising products and fresh beverage cartons in North America (by revenue). We produce a broad range of on-trend and feature rich products that protect, package and display fresh food and beverages for consumers who want to eat or drink fresh, prepared or ready-to-eat food and beverages conveniently and with confidence. Consumers use our products every day in restaurants, coffee shops, supermarkets, grocery stores and their homes and we estimate that our products are used by people in the United States approximately 5 billion times per week. Our products range from food containers, plates and bowls, hot and cold cups, lids, wraps and cutlery to meat and poultry trays, egg cartons and reclosable fresh beverage cartons. Our products are made from a diverse range of substrates, including resins, bio-resins, plant and paper-based fiber and aluminum. We believe our product development, material engineering and technology innovation initiatives enable us to commercialize new products that provide a consistent and meaningful contribution to both our product offering and revenue. We are a market leader in our industry. Approximately 80% of our total pro forma net revenues for 2019 were from products for which we held a #1, #2 or #3 U.S. market share position.
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IPO News for Pactiv Evergreen
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IPO Data
IPO File Date 08/24/2020
Offer Price $14.00
Price Range $18.00 - $21.00
Offer Shares (mm) 41.0
Deal Size ($mm) $574
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 09/16/2020
Offer Price $14.00
Price Range $18.00 - $21.00
Offer Shares (mm) 41.0
Deal Size ($mm) $574
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters Lake Forest, IL
Founded 2006
Employees 15,033
Website www.pactivevergreen.com