KRAT News

Two companies and two SPACs entered the public market this week, while Karat Packaging (KRAT) postponed and withdrew its $40 million IPO. Two companies and one SPAC submitted initial filings. Post spin-off BellRing Brands (BRBR) priced its $480 million IPO well below the range to command a $1.8 billion market cap (-17% v. original midpoint). BellRing came...read more

Karat Packaging, which produces environmentally-friendly single-use food packaging, withdrew its plans for an initial public offering on Thursday. It had filed to raise $40 million by offering 5 million shares at a price range of $7 to $9 to command a market cap of $162 million. It had previously postponed its offering on October 16, 2019. The Chino, CA-based company...read more

Karat Packaging, which produces environmentally-friendly single-use food packaging, postponed its IPO on Wednesday. It had filed to raise $40 million by offering 5 million shares at a price range of $7 to $9. The Chino, CA-based company was founded in 2000 and booked $201 million in sales for the 12 months ended June 30, 2019. It had planned to list on the Nasdaq under the...read more

After disappointing debuts from tech unicorns and biotechs, a highly profitable billion-dollar consumer staples company is set to lead up to four IPOs raising $660 million in the week ahead. Post spinoff BellRing Brands (BRBR) is on track to be the largest deal of the week with plans to raise $525 million at a $2.2 billion market cap ($3.0 billion enterprise...read more