CPI Card Group Raises $150 Million in Reduced IPO After Delay

  • Card maker's shares to start trading Friday on Nasdaq, TSX
  • Firm cut IPO amount by half due to volatile markets, CEO Says

CPI Card Group Inc., which makes payment cards for lenders including Bank of America Corp. and American Express Co., cut the size of its initial public offering for a second time to $150 million and pared its share price amid choppy equity markets.

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