Monday, July 19, 2010
Green Dot Ups Offering Size
Pasadena-based Green Dot, the provider of prepaid credit cards, has upped its IPO offering size, saying in a filing with the SEC Monday afternoon that it will now offer 4,170,827 shares of its stock in its IPO, up from 3,850,000 shares in its prior documents. The additional shares boosts the size by around 8 percent. Green Dot has indicated it will price at between $32 to $35 a share. Green Dot has applied to list on the NYSE as GDOT. Green Dot is backed by Sequoia Capital, TTP Fund, and the Tech Coast Angels.