Prepaid debit-card provider Green Dot (GDOT) priced above its $32-35 range in a $164M IPO...

|About: Green Dot Corporation (GDOT)|By:, SA News Editor

Prepaid debit-card provider Green Dot (GDOT) priced above its $32-35 range in a $164M IPO yesterday and is up 20.2% in first-day trading, a sure windfall for owners including Wal-Mart (WMT). Green Dot has doubled earnings every year since 2006, but even at the midpoint of its IPO range it was at a P/E of 27, higher than competitors like Visa (V).