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home / news releases / BERY - Pactiv Evergreen Pursues IPO Despite Revenue Drop

BERY - Pactiv Evergreen Pursues IPO Despite Revenue Drop

Berry Global Group Inc.

Quick Take

Pactiv Evergreen (PTVE) has filed to raise $800 million in an IPO of its common stock, according to an S-1 registration statement.

The firm provides food service packaging to customers with worldwide operations.

PTVE’s revenue has been contracting, the has lots of debt and the IPO doesn’t look cheap, so I'll pass on the IPO.

Company & Business

Lake Forest, Illinois-based Pactiv was founded to produce food and beverage packaging solutions for a wide range of product types.

Management is headed by director and Chief Executive Officer Mr. John McGrath,

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Stock Information
Company Name: Berry Global Group Inc.
Stock Symbol: BERY
Market: NYSE
Website: berryglobal.com
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