CPI Card Group Cuts IPO Target by 33% to About $200 Million

  • Card maker initially sought to raise $300 million in IPO
  • Company expects to trade starting Thursday on Nasdaq, TSX

CPI Card Group Inc., which makes payment cards for firms including Bank of America Corp. and American Express Co., cut the size of its initial public offering by 33 percent and reduced its share price range amid volatile equity markets, according to sale documents.

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