NetSpend stock offering delayed
Austin-based NetSpend Holdings Inc. has postponed its $200 million-plus stock that is initial due to regulatory issues regarding the primary provider linked to the prepaid debit cards NetSpend areas.
NetSpend have already been more likely to cost the supplying Thursday and start offering shares towards the public that is general morning.
Analysts had stated the delivering might be well-received as a result of NetSpends position once you glance at the fast-growing market for prepaid debit cards, which is why it is a provider that is leading.
Nevertheless the delivering is postponed until in a couple of days, according to IPOhome , which tracks the market for initial offerings, as the Wall Street Journal.
NetSpend wouldn’t normally get right back requires remark.
A key supplier, have been purchased by federal regulators Wednesday to prevent a quick payday loan system and seek advance approval for just about any brand new or amended third-party agreements, including for prepaid cards in a securities filing Thursday, NetSpend said that MetaBank. Any workplace of Thrift Supervision claimed MetaBank had used misleading strategies into the money advance system.Read More›