Reynolds shares brave market jitters to pop on Nasdaq debut
Share:
(Reuters) - Shares of household goods maker Reynolds Consumer Products Inc weathered market jitters fuelled by the spread of the coronavirus to close up almost 10% in their Nasdaq debut on Friday, a bullish start to the 2020 IPO season.The shares closed at $28.55, up from the $26 at which the IPO was priced on Thursday. Reynolds ended the week with a market value of around $5.8 billion. Reynolds sold 47.2 million shares in its IPO, raising about $1.2 billion (913 million pounds).It is the first..