Higher One Holdings Files for $100 Million IPO

(Reuters) – Higher One Holdings Inc filed with U.S. regulators on Wednesday to raise up to $100 million in an initial public offering of common stock.

The New Haven, Connecticut-based company told the U.S Securities and Exchange Commission in a preliminary prospectus that Goldman Sachs, UBS Investment Bank, Piper Jaffray, Raymond James, William Blair & Co and JMP Securities were underwriting the IPO.

The company provides technology and payment services to the higher education industry, it said.

The company said Lightyear Capital has a 32 percent stake in it.

The filing did not reveal how many shares the company planned to sell or their expected price. The company intends to list its common stock on Nasdaq. (Reporting by Jochelle Mendonca in Bangalore; Editing by Jarshad Kakkrakandy)