Green Dot to Buy Loopt for $43.4 Mln

Green Dot Corp. has agreed to buy Loopt. Green Dot is paying $43.4 million cash, which includes about $9.8 million to be set aside as a retention pool for key Loopt employees . The deal is expected to close by the end of first quarter. Loopt is maker of a mobile social mapping application. Loopt […]

Matt Kohler Named CMO of the FRS Company

Foster City, Calif.-based the FRS Company, which makes the Health Performance line of products, including ready-to-drink beverages, chews, powdered drink mixes, shots and concentrates, has hired Matt Kohler as its chief marketing officer. Kohler joins from Green Dot,  a financial services company where he served as vice president of marketing. Prior to Green Dot, Kohler worked […]

Secondary Market Trading Predicted To Reach $10B In Three Years

Secondary trading in private technology companies will generate $10 billion in volume within three years, Millennium Technology Value Partners predicts. The secondary fund offered its forecast along with a review of recent investments. Clearly it sees a burgeoning market for secondary shares. Among the firm’s top pronouncements: A trillion dollars in public company capitalization will […]

Exit Machine Sequoia Raises $1.35B — Without Mark Kvamme: UPDATED

Fresh off a year filled with sizable exits, Sequoia Capital has processed a new regulatory filing with the SEC, revealing it has raised more than $1.35 billion for its newest fund, Sequoia Capital 2010, which the firm began raising in 2009. The news was first reported by Fortune.

UPDATE: A source at Sequoia who asked not to be named played down the report about the fund, saying it was old news. The fund was raised “quite some time ago,” and the only reason it hit the press was because Sequoia was required to file a statement about the fund with the SEC, the source said. -Ed.

The Sequoia Indicator: VC-Backed IPOs Making a Comeback

Every time there’s a big, lucrative flood of IPO exits in venture space, someone gets bragging rights for being early to the party. More often than not, it’s Sequoia Capital. Lately, I’m wondering if the presence of Sequoia as a major shareholder in so many companies that have just gone public or filed to do […]

Green Dot Reports Higher Q2 Profits

(Reuters) – Prepaid debit card company Green Dot Corp (GDOT.N), which debuted trading on the New York Stock Exchange last month, reported a higher quarterly profit as the company increased the number of its active cards. On a post-earnings call, the top player in the prepaid debit card space said it expected adjusted total operating […]

Green Dot Rises in NYSE Debut

NEW YORK (Reuters) – Shares of prepaid debit card company Green Dot Corp (GDOT.N) and energy efficiency consulting company Ameresco Inc AMRC.N rose in their market debuts on Thursday, with Green Dot up sharply as investors bet that its relationships with top retailers would pay off. Shares of Green Dot closed at $43.99, 22.2 percent […]

Green Dot IPO Prices Above Range

(Reuters) – Green Dot Corp (GDOT.N), a prepaid debit-card company, said on Wednesday that shares of in its initial public offering were priced at $36 apiece. The price was above the expected range. It offered 4.56 million shares, more than expected, for proceeds of about $164.1 million. Green Dot had planned to sell 4.17 million […]

Green Dot Increases IPO Shares

Green Dot Corp., a Monrovia, Calif.-based seller of prepaid debit cards, has increased the number of shares being offered in its IPO from 3.85 million to 4.17 million. It still plans to price the shares at between $32 and $35 per share. Green Dot is expected to trade on the NYSE under ticker symbol GDOT, with J.P. Morgan and […]

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