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NetSpend files for a $200 million IPO

July 15, 2010

NetSpend Holdings, a leading provider of prepaid debit cards and related financial services, filed on Thursday with the SEC to raise up to $200 million in an initial public offering. The Austin, TX-based company, which was founded in 1999 and booked $240 million in sales over the last 12 months, plans to list on the NASDAQ under the symbol NTSP. Goldman, Sachs & Co. and BofA Merrill Lynch are the lead underwriters on the deal. No pricing terms were disclosed.