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NetSpend Holdings prices IPO at $11, the midpoint of the range

October 19, 2010

NetSpend Holdings, which offers reloadable prepaid debit cards and related financial services, raised $204 million by offering 18.5 million shares at $11, within the range of $10-$12. NetSpend Holdings plans to list on the NASDAQ today under the symbol NTSP. Goldman, Sachs & Co., BofA Merrill Lynch and William Blair acted as lead managers on the deal.