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,