Austin-based NetSpend Holdings Inc. has postponed its $200 million-plus stock that is initial due to regulatory issues relating to the main provider regarding the prepaid debit cards NetSpend areas.
NetSpend was in fact likely to rate the providing Thursday and begin attempting to sell shares to the general public this early morning.
Analysts had stated the providing will be well-received due to NetSpends position within the fast-growing marketplace for prepaid debit cards, by which it really is a provider that is leading.
However the providing happens to be postponed until a few weeks, based on IPOhome.com, which tracks the marketplace for initial offerings, therefore the Wall Street Journal.
NetSpend failed to get back requires remark.
In a securities filing Thursday, NetSpend stated that MetaBank, a vital supplier, was bought by federal regulators Wednesday to prevent a quick payday loan system and look for advance approval for just about any brand new or amended third-party agreements, including for prepaid cards. Continue reading “Advantages of taking right out pay day loans in Baltimore”