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NetSpend stock offering delayed
Austin-based NetSpend Holdings Inc. has postponed its $200 million-plus stock that is initial due to regulatory problems concerning the primary provider concerning the prepaid debit cards NetSpend areas.
NetSpend ended up being expected to cost the providing Thursday and start stocks which can be selling the typical public this early early morning hours.
Analysts had stated the providing might be well-received as a consequence of NetSpends position inside the fast-growing market for prepaid debit cards, through which it truly is a provider that is leading.
Even so the providing is actually postponed until a weeks that are few according to IPOhome.com, which tracks industry for initial offerings, plus the Wall Street Journal.
NetSpend wouldn’t normally get right straight back requires remark. Continue reading