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Cardtronics trims IPO, but makes deal official
December 17, 2007
Digital Transactions:Cardtronics Inc., operator of the nation's largest non-bank ATM network, completed its initial public offering of stock on Monday and began trading Tuesday on the NASDAQ stock market, but only after cutting the size of the deal. Cardtronics priced its offering yesterday at $10 per share and increased the number of company-held shares sold to 12 million. To help get the deal done, existing shareholders held back on their own planned sales, though they can sell 1.8 million shares to the underwriters under an over-allotment option. The deal netted the company $110.1 million, which Cardtronics says it will use to pay down debt.
OtherDistributors / ISO / IADRetail / Off-PremisesBanking Executive SummaryNorth AmericaPublic CompaniesBank / Credit Union
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