Gift Card Provider Blackhawk Network Plans IPO

By PYMNTS | February 2, 2013

Blackhawk Network Holdings, a gift card provider owned by Safeway Inc, has filed for an initial public offering to raise as much as $200 million, according to Bloomberg.

Safeway, the second-biggest grocery store chain in the U.S., will sell the Blackhawk stock. Blackhawk did not say how many shares it will offer or what price, but did reveal that it will trade under the Nasdaq symbol “HAWK.”

Read the full story here.