Back to IXIC
NetSpend Prices Initial Public Offering

AUSTIN, Texas, Oct. 18, 2010 (GLOBE NEWSWIRE) -- NetSpend Holdings, Inc. today announced that it has priced its initial public offering of 18,536,043 shares of common stock, at $11.00 per share. Of the shares being offered, 2,272,727 shares are being sold by the company and 16,263,316 shares are being sold by certain stockholders.  NetSpend's shares will begin trading tomorrow, October 19, 2010, on The NASDAQ Stock Market LLC under the ticker symbol "NTSP".  The underwriters have a 30-day option to purchase up to an additional 2,780,406 shares from the selling stockholders.

Goldman, Sachs & Co. and BofA Merrill Lynch are acting as book-running managers, William Blair & Company is acting as lead manager, and SunTrust Robinson Humphrey, Wells Fargo Securities, Duncan-Williams, Inc., and Knight/Houlihan Lokey are acting as co-managers for the offering.

The offering will be made only by means of a prospectus. Copies of the final prospectus related to the offering may be obtained from the prospectus department of Goldman, Sachs & Co., 200 West Street, New York, NY 10282, Attn: Prospectus Department, (866) 471-2526 (toll-free), (212) 902-9316 (fax) or BofA Merrill Lynch, 4 World Financial Center, New York, NY 10080, Attn: Prospectus Department or email

This release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities, in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

The NetSpend Corporation logo is available at

CONTACT:  NetSpend Corporation
          Media Contact:
          Brad Russell, Communications Manager
          512-539-5932 (office)
          512-743-4507 (cell)

NetSpend Corporation Logo

Back to IXIC
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki