Green Dot plans initial public offering

NEW YORK

Green Dot Corp. said Friday that is planning to raise $150 million through an initial public offering, according to a regulatory filing.

The prepaid financial services company did not disclose an offering price in its filing with the Securities and Exchange Commission, nor did it say what ticker symbol it plans to use.

Green Dot, based in Monrovia, Calif., plans to use proceeds from the offering for general corporate purposes, such as working capital and possible capital expenditures.