Higher One in $124 Million IPO

June 22, 2010

Cleary Gottlieb represented Higher One Holdings in its $124.2 million initial public offering on the NYSE. Goldman, Sachs & Co. was the lead underwriter for the transaction, which consisted of a $42.8 million offering of shares by Higher One and an $81.4 million offering of shares by the company’s shareholders. The offering priced on June 16 and closed on June 22.

Founded in 2000, Higher One is a leading provider of technology and payment services to the higher education industry. It also provides campus communities with convenient and student-oriented banking services.