NetSpend IPO Raises $204 Million

by Mercator Advisory Group 0

Despite regulatory at one of its issuing banks, NetSpend showed investors are optimistic about prepaid by raising $204 million in its initial public offering completed on Monday. Though NetSpend raised more money than Green Dot, which raised $164 million in July, NetSpend’s shares sold for $11 while Green Dot sold its shares at $36. Still, the market seems to think the prepaidmarketplace will continue to be robust.

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