Reynolds shakes off market jitters with year's first big IPO
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NEW YORK (Reuters) - Reynolds Consumer Products , the maker of Reynolds Wrap tin foil, raised around $1.2 billion (913 million pounds) in its initial public offering on Thursday, braving stock market volatility fuelled by concerns over the spread of a coronavirus. It is the first U.S. IPO in 2020 to raise more than $1 billion and leaves the door open for more large offerings, after the lacklustre performance of some high-profile stock market debuts last year, such as ride-hailing company Uber..