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Austin-based NetSpend Holdings Inc. has postponed its $200 million-plus stock that is initial as a result of regulatory issues concerning the main provider of this prepaid debit cards NetSpend areas.

NetSpend have been anticipated to cost the providing Thursday and begin shares that are selling the general public this early morning.

Analysts had stated the providing could be well-received due to NetSpends position when you look at the fast-growing marketplace for prepaid debit cards, for which it’s a provider that is leading.

However the providing is postponed until a few weeks, in accordance with IPOhome.com, which tracks the marketplace for initial offerings, plus the Wall Street Journal.

NetSpend failed to get back requires remark.

In a securities filing Thursday, NetSpend stated that MetaBank, a vital supplier, was indeed bought by federal regulators Wednesday to prevent an online payday loan system and seek advance approval for almost any brand new or amended third-party agreements, including for prepaid cards. Read the rest of this entry »