Tricor-backed CPI Card Group raises $137.5 mln from IPO
CPI Card Group Inc, a portfolio company of Canadian private equity firm Tricor Pacific Capital, has closed its previously-announced initial public offering. The company, which began trading on the Nasdaq Global Select Market and the Toronto Stock Exchange on October 9th under the ticker symbols "PMTS" and "PNT," respectively, raised net proceeds of about US$137.5 million. It did not receive any proceeds from the sale of common stock by selling shareholders. Littleton, Colorado-based CPI is a manufacturer of financial payment cards and other card products and services. Tricor invested in the company in June 2007 and continues to be its majority investor.
15 October 2015•3 mins read
