NetSpend stock offering delayed
Austin-based NetSpend Holdings Inc. has postponed its 200 million-plus initial stock providing as a result of regulatory issues concerning the main provider regarding the prepaid debit cards NetSpend areas. NetSpend was in fact anticipated to rate the providing Thursday and begin shares that are selling people this early early morning. Analysts had stated the providing could be well-received due to NetSpends position within the fast-growing marketplace for prepaid debit cards, for which it really is a netcredit loans title loans leading provider. Nevertheless the providing happens to be postponed until a few weeks, based on IPOhome.com, which tracks industry for initial offerings, additionally the Wall Street Journal.
NetSpend would not get back requires remark.In a securities filing Thursday, NetSpend said that MetaBank, an integral supplier, have been bought by federal regulators Wednesday to prevent a quick payday loan system and look for advance approval for almost any brand new or [...]
