(Bloomberg) -- Reynolds Consumer Products Inc., the maker of Reynolds Wrap aluminum foil and Hefty trash bags, has filed for a U.S. initial public offering.The company in its filing Friday listed the size of the offering as $100 million, a placeholder used to calculate fees that will likely change. The number of shares and the price range for them haven’t been decided yet, the company said in a statement.The company, backed by New Zealand billionaire Graeme Hart’s Rank Group Ltd., said in a statement in September that it had confidentially submitted its IPO registration to the U.S. Securities and Exchange Commission.Reynolds planned to seek a valuation of $7 billion in the offering, people with knowledge of the matter said in October. For the nine months ended Sept. 30, Reynolds said it had net income of $135 million on revenue of $2.2 billion, according to Friday’s filing.Read More: Reynolds Touts Presence in Nearly All Households: IPO TearsheetCompanies have raised $2.93 billion in 31 IPOs on U.S. exchanges so far this quarter, compared with 29 raising $5.78 billion during the same period last year, according to data compiled by Bloomberg. Canadian waste management firm GFL Environmental Inc. this month canceled an IPO that targeted a listing of as much as $2.1 billion. That followed the spectacular flop of WeWork’s share-sale plans, which were officially withdrawn in late September.The Reynolds offering is being led by Credit Suisse Group AG, Goldman Sachs Group Inc. and JPMorgan Chase & Co. The company, based in Lake Forest, Illinois, plans to list its shares on Nasdaq under the symbol REYN, according to the filing.(Update with Reynolds valuation target in fourth paragraph)To contact the reporters on this story: Anne Riley Moffat in New York at firstname.lastname@example.org;Crystal Tse in New York at email@example.comTo contact the editors responsible for this story: Crayton Harrison at firstname.lastname@example.org, ;Liana Baker at email@example.com, Michael Hytha, Matthew MonksFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.