Safeway's Blackhawk Network sets terms for $210 million IPO

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Blackhawk Network Holdings, a Safeway spin-off that provides prepaid products for consumers and businesses, announced terms for its IPO in a press release on Monday. The Pleasanton, CA-based company plans to raise $210 million by offering 10 million shares at a price range of $20 to $22. Blackhawk Network Holdings, which was founded in 2001 and booked $959 million in sales for the 12 months ended 12/31/2012, plans to list on the NASDAQ under the symbol HAWK. Blackhawk Network Holdings initially filed confidentially on 11/16/2012. Goldman Sachs, BofA Merrill Lynch, Citi and Deutsche Bank are the joint bookrunners on the deal.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: News Headlines , IPOs

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