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02

Credit-Card Maker CPI Card Said to Seek $300 Million in IPO

By Tony Seruga

CPI Card Group Inc., which makes payment cards for firms including Bank of America Corp. and American Express Co., aims to raise about $300 million in an initial public offering, according to people familiar with the company’s plans.

The Littleton, Colorado-based maker of credit and debit cards plans to file updated documents with regulators as soon as this month to list on the Nasdaq and Toronto Stock Exchange, said the people, who asked not to be identified because terms haven’t been disclosed. Representatives for CPI Card Group didn’t immediately respond to phone and e-mail messages seeking comment…

Credit-Card Maker CPI Card Said to Seek $300 Million in IPO

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