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 story : Karat Packaging IPO prices below range at a share #FinanceUSA #StockMarketNEWS Karat Packaging Inc. said Thursday it initial public offering priced at a share, below its proposed price range

@stockMarketNEWS Thu 15 Apr, 2021

Posted in: #FinanceUSA #StockMarketNEWS

Karat Packaging IPO prices below range at a share #FinanceUSA #StockMarketNEWS
Karat Packaging Inc. said Thursday it initial public offering priced at a share, below its proposed price range of to . The maker of environmentally friendly disposable food product packaging sold 3.95 million shares to raise .2 million. The stock will begin trading on Nasdaq later Thursday, under the ticker symbol 'KRT.' Underwriters led by Stifel, William Blair and Truist Securities have the option to purchase an additional 592,500 shares to cover over-allotments, if any. Proceeds will be used to repay about million of debt and for general corporate purposes, including facility expansions and acquisitions.


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