25 November 2015

Safeway to IPO stake in pre-paid subsidiary Blackhawk Network

06 September 2012  |  1325 views  |  0 Source: Safeway

Safeway Inc. (NYSE: SWY) today announced that it plans to file a registration statement in the United States for a potential initial public offering (IPO) of a minority ownership stake in Blackhawk Network Holdings, Inc.

Depending on market conditions, the company anticipates executing a transaction in the first half of 2013.

Blackhawk Network Holdings, Inc., a subsidiary of Safeway Inc., operates Blackhawk Network, Inc., a leading prepaid payments network for consumers and businesses. The company offers the industry's most popular prepaid gift cards and payment services from leading brands through a network of leading grocery stores, big box, convenience, pharmacy, specialty stores and Internet retailers including GiftCardMall.com. Blackhawk operates a proprietary network that connects to over 500 content providers and over 70,000 active retail distribution locations globally.

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Related blogs

Create a blog about this story (membership required)

Top topics

Most viewed Most shared
MIT to run fintech degree course
8577 views comments | 35 tweets | 14 linkedin
Coinbase issues Bitcoin debit card
7786 views comments | 16 tweets | 21 linkedin
Apple Pay users given a free ride in Londo...
7660 views comments | 21 tweets | 29 linkedin
UK banks hardest hit by non-bank money tra...
7527 views comments | 27 tweets | 30 linkedin
R3 blockchain collaboration project builds...
6337 views comments | 30 tweets | 27 linkedin

Featured job

to $120K base, double OTE, benefits
New York City, NY or Boston, MA (USA)

Find your next job