Green Dot Corp Files for $150 Million IPO
NEW YORK (Reuters) - Prepaid debit card seller Green Dot Corp filed for an initial public offering of up to $150 million on Friday. Monrovia, California-based Green Dot sells prepaid debit cards and reloading services to U.S. consumers at roughly 50,000 retail stores including Wal-Mart Stores Inc (WMT.N), Walgreen Co (WAG.N) and 7-Eleven. Green Dot had 2.4 million prepaid cards in active use as of Oct. 31 and said in a regulatory filing with the U.S. Securities and Exchange Commission that it believes it is the largest provider of such cards.
28 February 2010•1 min read
