BELLEVUE, Wash. — Coinstar, Inc. (NASDAQ:CSTR) plans to offer 3 million shares of its common stock in an underwritten public offering, according to a news release. Coinstar is a multi-national company offering a range of coin counting, entertainment and electronic payment services.
J.P. Morgan Securities Inc. and Banc of America Securities LLC are acting as the representatives of the underwriters for the offering. Coinstar, Inc. expects to grant the underwriters an option to purchase 450,000 shares of common stock to cover over-allotments.
A registration statement relating to these securities was filed with the Securities and Exchange Commission on Nov. 16 and has since been declared effective. This offering will be made pursuant to a prospectus supplement to the registration statement.
