Visa Readies America’s Largest IPO
These days consumers are besieged by warnings of a potential credit crisis but it looks as though Visa Inc, the world’s largest credit card operator, is unperturbed. Visa have the potential to raise up to $18.8 billion by floating 406 million shares of between $37 and $42 - and possibly a further 40.6 million shares depending on demand - in what will surely be the biggest American debut initial public offering.
MasterCard floated in May 2006; its shares have risen fivefold in that time and perhaps their success has encouraged Visa to take the plunge. However, Visa Europe (owned… Continue reading
Tags: cards, credit cards
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