Green Dot Corporation, which provides general purpose reloadable prepaid debit cards (GPR cards) under its Green PlaNET platform, filed on Friday with the SEC to raise up to $150 million in an initial public offering. The Monrovia, CA-based company was founded in 1999 as Next Estate Communications and changed its name to Green Dot Corporation in 2005. The prepaid debit card company booked $235 million in sales over the last 12 months and plans to list its Class A shares on the NYSE. J.P. Morgan and Morgan Stanley are the lead underwriters on the deal, for which pricing terms and timing were not disclosed. Green Dot, which is 33% owned by Sequoia Capital, is the fifth venture capital-backed company to file for an IPO so far this month. Related Links: Recently Filed IPOs
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