ENBITE » Visa’s IPO could be largest in U.S. History

Visa’s IPO could be largest in U.S. History

26 Feb, 2008 Finance, IPO

Visa, the leader credit card network in the United States, has announced the terms for its upcoming IPO. The offer of 406 million shares at a range of $37 to $42 would potentially raise $15 billion to $17.1 billion, positioning the company’s initial public stock offering as the largest ever in the United States.

The exact date for Visa to go public has not been set yet although some sources have mentioned the week of March 17th.

Visa’s IPO plan follows in the footsteps of rival MasterCard, which went public in May 2006 and has grown by 408% to a market share value of $26 billion.

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