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ATM owner Cardtronics plans to raise $250mm in its IPO

October 13, 2007

Cardtronics, a Texas-based owner and operator of 12,000 automated teller machines (ATMs), announced the terms for its planned IPO on Friday. According to an amended SEC filing, the company plans to offer roughly 16.7 million shares at a range of $14-$16 and has a proposed market cap of $516 million. Underwriters Deutsche Bank, William Blair and Banc of America have yet to announce a pricing date for the offering.