CPI Card Group prices secondary offering of 2.3 million shares
CPI Card Group priced a registered underwritten secondary public offering of 2.3 million shares at $21.50 per share, to be sold by stockholders affiliated with Parallel49 Equity.
Shares of CPI Card Group fell after the company priced a registered underwritten secondary public offering of 2.3 million shares to be sold by certain stockholders affiliated with Parallel49 Equity at a public offering price of $21.50 a share. The stock was 15% lower at $22.79.