Deal Details
Ranpak Completes $121 Million Follow-On Offering
Summary
Ranpak Holdings Corp. (“Ranpak” or “the Company”) (NYSE: PACK) recently completed a follow-on offering of 5,750,000 Class A common shares, including the exercise in full of the underwriters' overallotment option, at a price of $21.00 per share, generating gross proceeds of approximately $110.3 million to the Company and $10.5 million to a selling shareholder of Ranpak.
Baird served as a bookrunner on this offering.
About
Founded in 1972, Ranpak is a leading provider of environmentally sustainable, systems-based, product protection solutions for e-commerce and industrial supply chains. Ranpak assembles its protective packaging systems and provides the systems and paper consumables to customers, which include direct end-users and its network of exclusive paper packaging solution distributors, who in turn place the systems with and sell paper to commercial and industrial users for the conversion of paper into packaging materials. Ranpak is headquartered in Concord Township, Ohio and has approximately 650 employees.CONTACT US TO LEARN MORE
- Date
- June 2021
- Company
- Ranpak Holdings Corp.
- Transaction
- Equity Capital Markets
- Sectors
- Industrial
- Verticals
-
Packaging & Containers
- Target Geography
- North America
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