Tricor Pacific Capital-backed CPI Card Group has completed its IPO, listing on the NASDAQ under the symbol PMTS. The company had initially planned to price shares in a range between $16 and $18, which would have raised it over $300 million if shares priced at the midpoint. Friday's listing, however, came out well below what was previously expected: CPI priced at just $10, raising $150 million. Shares of the company closed Friday's trading session up almost 22% at $12.17, giving CPI a market cap of approximately $614 million. CPI is a manufacturer of credit, debit and prepaid debit cards issued on the networks of brands including Visa, Mastercard, American Express and Discover. For the six months ended June 30, it reported net income of more than $18 million on total sales of $173 million; it reported adjusted EBITDA of about $42 million during the same period.