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| Visa Inc. Plans Massive IPO |
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Visa Inc, says it may raise up to $18.8 billion in what would be the largest U.S.
initial public offering ever, amid concern the global credit crunch could eat
into card volumes. The company filed with the U.S. Securities and Exchange Commission to sell 406 million Class A shares at $37 to $42 each, resulting in $15 billion to $17.1 billion of proceeds. Visa said it might sell another 40.6 million shares to meet demand, boosting the IPO's potential size to $18.8 billion. San Francisco-based Visa plans to list on the New York Stock Exchange under the symbol "V." Visa's offering comes amid worries that the U.S. economy might be entering a recession, which could dampen investor demand for stocks and IPOs. Investors may hope Visa shares will fare as well as those of rival MasterCard Inc. MasterCard shares have more than quintupled since that Purchase, New York-based card network went public in a $2.4 billion IPO in May 2006. |
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Strategic Leadership &
Compliance Day November 5-6, 2008 Dallas, TX
2009 ETA Annual Las Vegas, NV |
| 2009 Annual Meeting |
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 2009 Annual Meeting Exhibitor Information is Here! If you're planning to join the leading companies in the payments business in the ETA Annual Meeting exhibiton hall next April, now is the time to reserve your space and make your plans. Everything you need is here . |
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