MONDF - IPO Update: Karat Packaging Proposes IPO Terms
Quick Take
Karat Packaging (KRAT) has filed to raise $40 million in an IPO of its common stock, per an S-1/A registration statement.
The company provides eco-friendly food packaging products to a variety of businesses in North America.
KRAT is growing revenue at an accelerating rate, the industry has favorable growth trends, and the IPO appears reasonably valued.
Company & Technology
Chino, California-based Karat was founded in 2000 to produce a variety of food packaging products that are environmentally friendly and ethically sourced.
The firm’s product categories include:
Food packaging
Tableware
Cups and