Ranpak Holdings $120.8 million Class A common stock offering
Davis Polk advised Ranpak Holdings Corp. in connection with the $120.8 million SEC-registered offering of 5,250,000 shares of its Class A common stock being issued and sold by Ranpak and 500,000 shares of its Class A common stock being offered by certain selling stockholders of the company, including 750,000 shares pursuant to the underwriters’ exercise in full of their over-allotment option. The Class A common stock is listed on the New York Stock Exchange under the symbol “PACK.”
Ranpak is a leading provider of environmentally sustainable, systems-based, product protection solutions for e-commerce and industrial supply chains. Since its inception in 1972, Ranpak has delivered high quality protective packaging solutions, while maintaining its commitment to environmental sustainability.
The Davis Polk capital markets team included partner John B. Meade and associates Carrie Guo and Elijah D. Jenkins. The tax team consisted of counsel Ethan R. Goldman and associates Rebecca A. Rosen and Constance Zhang. Associate Sijia Cai provided 1940 Act advice. All members of the Davis Polk team are based in the New York office.