Green Dot IPO: Caution Ahead - WSJ.com
Prepaid debit-card provider Green Dot Corp. is launching a small IPO this week that is generating a lot of attention from investors, but a close reading of its prospectus reveals plenty of precautions.
With less than four million shares set to list on the New York Stock Exchange under the symbol GDOT on Thursday, anyone wanting a piece of this initial public offering is unlikely to get the amount they request. There appears to be good demand for the company, which lays claim to being the largest prepaid debit-card provider in the U.S., with 3.4 million of its reloadable debit
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