NetSpend To Price $203 Million IPO Next Week
NetSpend, the prepaid debit card company that is backed by JLL Partners and Oak Investment Partners, plans to brave the IPO waters next week. Austin-based NetSpend is expected to price its IPO on Thursday, Oct. 13, a source familiar with the matter said. The company is expected to trade under the ticker "NTSP." NetSpend provides reloadable prepaid debit cards to the underbanked U.S. consumer. Today, NetSpend set the terms of its offering: 18.5 million shares at $10 to $12 each via book runners Goldman Sachs, BofA Merrill Lynch and William Blair & Co. Other underwriters on the deal include SunTrust, Wells Fargo Securities, Duncan Williams and Knight/Houlihan Lokey.
4 October 2010•2 mins read
