Visa IPO Credit Card Company: could be largest initial public offering in U.S. history
Filed under: Business, News | By: Peter Chubb
Posted on: February 25, 2008 | 1 Comment
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.
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Its PUBLIC two years ago, not private. It has gone up from 30+ to 200 in about two years. =)