NEW YORK, Jan 30 (Reuters) – Reynolds Consumer Products on Thursday priced its initial public offering at $26 per share, according to a person familiar with the matter, towards the lower end of its target range.
The IPO valued Reynolds at around $5.3 billion. The Lake Forest, Illinois-based company had aimed to sell 47.17 million shares at a target price range of $25-$28 per share.
A representative for Reynolds did not immediately respond to a request for comment. (Reporting by Joshua Franklin in New York)