dcsimg
Comparing credit card offers since 2005 - it's fast and easy! Search, Compare and Apply for the best credit card deals now


MasterCard Going Public

by Peter Andrew

MasterCard

Incorporated announced yesterday its intention to change its

ownership structure and become a publicly-traded company. Currently

an association of over 1400 financial institutions worldwide,

the new structure would give the current pool of owners 41%

of the company, while 49% would be publicly-owned shares, and

10% will be held by a newly-established charitable foundation.

The

move was seen in many circles as a way for MasterCard to raise

money that would finance a strong push to compete with Visa.

MasterCard

did not specify when the Initial Public Offering might take

place.

UPDATE:

See February 17, 2006 article, MasterCard

Postpones IPO for more information.

Published 09/01/05 (Modified 05/07/12)


Share this article with:

0 Responses to "MasterCard Going Public"

No Comments

Leave a Comment