Reynolds Wrap Maker Raises $1.2 Billion in Record Household Goods IPO

The video discusses the successful IPO of REYN, a household goods maker, which raised over $1.2 billion. It highlights the positive impact on the IPO market in 2020, contrasting it with less profitable IPOs like Uber and Lyft in 2019. The video also focuses on New Zealand billionaire Graham Hart, who retains significant control over REYN. The discussion concludes with a positive outlook on the company's future performance and investor confidence.

What was the amount raised by REYN in its IPO?

• 3 billion dollars

• 2.5 billion dollars

• 1.2 billion dollars

• 500 million dollars

Why is REYN's IPO considered a positive sign for the market in 2020?

• It indicates a decline in market confidence

• It shows interest in unprofitable companies

• It suggests a shift towards tech startups

• It highlights the value of profitable companies

How does REYN's business compare to companies like Uber and Lyft?

• It has a similar business model

• It is a tech startup

• It is more solid and profitable

• It is less profitable

Who is the major shareholder of REYN?

• A Chinese corporation

• Graham Hart, a New Zealand billionaire

• An American investor

• A European conglomerate

What percentage of voting stock does Graham Hart hold in REYN?

• 50%

• 90%

• 77%

• 25%