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Visa expects IPO to raise 4 times what MasterCard IPO did
November 25, 2007
Digital Transactions: Visa Inc. said it aims to raise $10 billion in its upcoming initial public offering, four times the $2.4 billion MasterCard grossed in its May 2006 IPO.Under the planned IPO, which could happen as soon as 120 days after the global reorganization Visa completed Oct. 3, Visa would sell a 51-percent interest in the company through Class A shares. The rest of the shareholders - Class B held by Visa USA members and Class C held by other financial-institution members - have no voting rights.
OtherBanking Executive SummaryDebit / CreditIndustry OrganizationsNorth AmericaPublic CompaniesBank / Credit Union
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