The Houston automated teller machine operator Cardtronics Inc. expects to raise $115 million in its upcoming initial public offering, according to a Securities and Exchange Commission filing.

Cardtronics would list its shares on the Nasdaq Global Market under the symbol "CATM" and would sell 16.7 million shares priced from $14 to $16, according to an amended prospectus filed this month. It would use the funds to pay down $105.6 million in debt and for general corporate purposes.

Deutsche Bank Securities Inc., William Blair & Co. LLC, and Banc of America Securities LLC are underwriting the IPO, the filing said.

Cardtronics operates the world's largest ATM network, with 30,984 machines, according to the 2008 edition of the ATM&Debit News EFT Data Book. It owns 18,850 of the machines.

In July the company expanded its ATM network with its $135 million purchase of 7-Eleven Inc.'s network of 3,000 standard ATMs and about 2,000 advanced Vcom kiosks, which can handle standard withdrawals and deposits as well as more advanced functions, including cashing checks and paying bills.

Also, Cardtronics has ATM branding agreements with several banking companies, including JPMorgan Chase & Co., Washington Mutual Inc., ING Group NV, and Sovereign Bancorp Inc.

Cardtronics announced its plan to go public last month.

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