Karat Packaging falls after secondary offering launch

ReutersJun 10, 2025 8:25 PM

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Karat Packaging's KRT.O shares down 7.5% post-market to $28.63 after secondary offering news

Foodservice container maker commences 1.5 mln share offering by certain members of its management team

BofA and William Blair are jt bookrunners

Chino, California-based firm has ~20 mln shares outstanding for roughly $620 mln market cap, and ~6.8 mln shares of public float, per LSEG data

KRT ended Tues down 1.1% at $30.96

Stock up ~2% YTD and has gained ~16% QTD

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