Tuesday, September 22, 2015

CPI Card Group Sets IPO Pricing Range

Littleton, Colorado-based CPI Card Group has set the anticipated pricing range for its IPO, saying in a regulatory filing this morning that it now expects to sell 17,647,059 shares of its con stock at between $16.00 and $18.00 per share. The commpany has filed to trade on the NASDAQ Global Select Market as PMTS. CPI Card Group is a major supplier of credit, debit, and prepaid debit cards, helping financial issuers with supplying cards to their customers, and managing those card programs for issuers, particularly in the prepaid debit market. The company's main financial backer is Tricor Pacific Capital Partners.