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Tuesday, March 18, 2008

The "V" day

The much anticipated, and the largest-ever US IPO of Visa Inc will finally be happening this week. The expected listing date is Mar 19 under the ticker symbol "V". Lots of people have been waiting for this IPO because of prior success of MasterCard Inc which had its IPO around $39 but is currently trading around $200 a share. However, others feel that Visa's stock won't grow as fast as Mastercard's.

"There are people who think it is going to in short order match MasterCard's price," said Gaskins. "But I don't think that is logical."

He sees Visa growing at a less dramatic clip given its much-larger size, which is likely to be expressed in Visa tracking a steady, but less dramatic stock rise.

As Visa is owned by banks like Bank of America, Citigroup etc, these bankers collectively are expected to get around $10.2 billion from the IPO.

For the complete article, see:

Reuters: Bank owners counting on big payday from Visa IPO

Related articles:

SchaeffersResearch.com: Have Expectations Gotten Too Frothy for the Visa IPO?

Points.com eLearners Earn Rewards at MyPoints.

posted by Ruby @ 5:27 AM

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