NetSpend Prices Initial Public Offering

NetSpend Prices Initial Public Offering - MarketWatch
NetSpend Holdings, Inc. today announced that it has priced its initial public offering of 18,536,043 shares of common stock, at $11.00 per share. Of the shares being offered, 2,272,727 shares are being sold by the company and 16,263,316 shares are being sold by certain stockholders. NetSpend's shares will begin trading tomorrow, October 19, 2010, on The NASDAQ Stock Market LLC under the ticker symbol 'NTSP'. The underwriters have a 30-day option to purchase up to an additional 2,780,406 shares from the selling stockholders.

Goldman, Sachs & Co. and BofA Merrill Lynch are acting as book-running managers, William Blair & Company is acting as lead manager, and SunTrust Robinson Humphrey, Wells Fargo Securities, Duncan-Williams, Inc., and Knight/Houlihan Lokey are acting as co-managers for the offering.