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Visa May Raise as Much as $17 Billion in Initial Sale

Discussion in 'General Chat' started by usasportstraining, Feb 25, 2008.

usasportstraining Notable Member

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Visa May Raise as Much as $17 Billion in Initial Sale

Holy Crap!! That's a lot of money!

Will you try to buy some shares?

Feb. 25 (Bloomberg) -- Visa Inc. may raise as much as $17 billion in what would be the biggest U.S. initial public stock offering.

Visa, the world's largest payment-card network, plans to sell 406 million Class A shares for $37 to $42 each, the San Francisco-based company said in a regulatory filing today. Banks have the option of selling an additional 40.6 million shares, pushing the potential size of the deal to $18.8 billion.

The company is trying to replicate the success of its smaller rival, MasterCard Inc., whose shares have surged more than fivefold since a May 2006 IPO.
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usasportstraining, Feb 25, 2008 IP
wisdomtool Moderator Staff

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I am not sure if it is the right time for an IPO given the current housing crisis as well as the increasing credit cards defaults. Mastercard at 2006 is a different scenario, that was the time when the bulls were raging.

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wisdomtool, Feb 25, 2008 IP

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