Blackhawk Network (HAWK) IPO Opens at $25

April 19, 2013 11:29 AM EDT
The IPO for Safeway Inc. (NYSE: SWY) subsidiary Blackhawk Network Holdings, Inc. (NASDAQ: HAWK) opened for trading at $25 after pricing 10,000,000 shares of Class A common stock at $23 per share, above the expected $20-$22 range.

Goldman, Sachs & Co., BofA Merrill Lynch, Citigroup and Deutsche Bank Securities are acting as joint book-running managers, with Goldman, Sachs & Co. serving as the global coordinator for the IPO. Barclays, BMO Capital Markets, Credit Suisse, Piper Jaffray, Raymond James, and Wells Fargo Securities are acting as co-managers for the offering.

Blackhawk is a leading prepaid payment network utilizing proprietary technology to offer a broad range of gift cards, other prepaid products and payment services in the United States and 18 other countries.

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