Green Dot Investors To Raise Up To $135M With IPO

Law360, New York (July 9, 2010, 4:00 PM EDT) -- Prepaid credit card company Green Dot Corp. plans to launch an initial public offering to raise as much as $134.75 million for its current investors, the company said Friday in a regulatory filing.

The selling stockholders — including Wal-Mart Stores Inc., which sells a large share of the Monrovia, Calif.-based company's prepaid cards — will offer a total of 3.85 million shares of class A common stock for $32 to $35 a share, yielding a maximum total of $123 million to $134.75 million, according to the...
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