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Blackhawk Network prices IPO at $23.00, above the range

April 18, 2013

Blackhawk Network, a Safeway spinoff that distributes prepaid gift, telecom and debit cards, raised $230 million by offering 10 million shares at $23, above the range of $20 to $22. Blackhawk Network plans to list on the NASDAQ under the symbol HAWK. Goldman Sachs, BofA Merrill Lynch and Citi acted as lead managers on the deal.