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MasterCard's IPO disrupted

February 19, 2006

Associated Press:MasterCard Inc., the nation's second-largest credit card brand, said Feb. 16 that it would postpone its initial public offering until the second quarter as its chief executive recovers from surgery for prostate cancer. The company had been expected to list on the New York Stock Exchange during the first quarter. The IPO was expected to raise about $2.5 billion for Purchase, N.Y.-based MasterCard. The offering is expected to be the largest since August 2004, when Internet search leader Google Inc. was listed on Nasdaq.

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