Green Dot Opens 19,9 Percent Above The Offering Price: New York July 22 Shares of the company prepaid debit cards Green Dot Corporation and energy efficiency consulting company Ameresco Inc AMRC.N rose in their market debuts on Thursday, with Green Dot to severe.Equity Green Point opened at $ 43.15, 19.9 percent above their initial public stock price on the New York Stock Exchange. Shares Ameresco opened at $ 10.25, 2.5 percent above their IPO prices, as well as on the New York Stock Exchange. Later in the morning, Green Dot shares rose 22.2 percent to $ 43.98 and Ameresco shares rose 5.7 percent to $ 10.57.
Green Dot, which has agreements with Wal-Mart Stores Inc (WMT.N), Walgreen Co (WAG.N) and 7-Eleven, is the best player in the U.S. prepaid debit card industry. It sells prepaid debit cards for the young, low-income consumers. These consumers usually rely on cash and not much access to credit.