Visa IPO Credit Card Company: could be largest initial public offering in U.S. history

By: Peter Chubb | February 25, 2008 | 3 Comments

Visa Inc has announced today that they could raise at least $19 billion just by an IPO ( Initial Public Offering), with this in mind, RTT News reakon that Visa could become the largest IPO in the history of the U.S. there are to be 406.6 million shares which are set between $37 to $42 each.

There will also be an option by the company’s underwriters to buy an extra 40.6 million of these IPO shares, which is hoped to cover any extra demand. The news will come as bad news to rival American Express and MasterCard, as they have already been affected by such a strong 2006 for Visa.

If this move is to go ahead, they will follow in the footsteps of fellow credit card company MasterCard, who went private almost two years ago.

Download our free iPhone and iPad apps, or read more in Alternative News.

You may also like...

Next Story: Stunning Nike All Star Jordan XX3 Fusion Custom Sneakers look the bomb

Previous Story: Do you want to see in the dark? Locklite stop fumbling

Tags: credit card, loans, MasterCard, money, Visa

http://www.hotmail.com John
Its PUBLIC two years ago, not private. It has gone up from 30+ to 200 in about two years. =)
http://mycreditcards101.blogspot.com/ Noel Loans
Hi, perhaps this entry could be off topic but anyways, I have gone surfing about your website and it seems extremely awesome. It’s obvious you know the topic and you appear fervent about it. I’m building a new blog and I’m attempting to make it look great, plus offer the best message. I have acquired much visiting your website and also I anticipate a great deal more articles and will be coming back soon. Thanks.
http://www.youfinancial.com Bobby L. Cole
Been reading for a few days now. This was very good and insightful information. BTW, I love your site design as well. I enjoyed reading it and hopefully you will write more soon. Do you have a newsletter? How do I subscribe to the blog itself?