NetSpend IPO, Backed by Oak and JLL, Soars 18%
IPOs can be worth the wait. Just consider NetSpend, which went public Tuesday and surged 18% in afternoon trading. The offering will provide a strong gain for investors JLL Partners and Oak Investment Partners. The NetSpend IPO was slated to launch last week but opened today at $11.20 a share. The stock closed Tuesday at $13.00, up $2 from its $11 offer price.
19 October 2010•2 mins read
