Tricor-backed CPI Card Group seeks up to $365 mln from IPO
CPI Card Group Inc, a portfolio company of Canadian private equity firm Tricor Pacific Capital, has set the financial terms of its previously-announced initial public offering on Nasdaq and the Toronto Stock Exchange. The Littleton, Colorado-based company, a manufacturer of financial payment cards and other card products and services, said it expects to receive net proceeds of about US$140 million from the offering. According to CPI's filing with the U.S. Securities Exchange Commission, the maximum amount that could be generated is about US$365 million. The offering includes the sale of shares held by the company's current investors. Tricor has backed CPI since June 2007.
22 September 2015•4 mins read
