CPI Card Group, a Littleton-based maker of credit and debit cards, plans to go public next week in a $300 million stock offering, according to Renaissance Capital.
The company is expected to offer 17.6 million shares at $16 to $18 a share under the ticker PMTS, which will trade on the Nasdaq composite exchange.
CPI Card Group formed in 2007 and recently has received more attention as issuers replace magnetic-stripe-only cards with EMV chip cards designed to prevent fraud.
Merchants became in cases where EMV readers weren’t used and could have prevented it.
CPI Card, in its prospectus, said it made 360 million cards last year, or about 35 percent of the U.S. total, making it the largest financial card maker in North America.
Last year, the company said it had net sales of $291.3 million and net income from continuing operations of $16.9 million.
BMO Capital Markets, Goldman Sachs and CIBC are the underwriters on the offering.
