Visa IPO Could Be Biggest Ever
February 25, 2008, By Justin McHenry
Via its Security & Exchange Commission filing today, Visa announced its intention to raise nearly $19 billion in its upcoming initial public offering of stock, which would make it by far the largest IPO ever. (The largest to day was AT&T Wireless’ $10.6 billion IPO in 2000.)
Visa intends to offer 406 million shares at an initial price set between $37 and $42. The stock will list on the New York Stock Exchange under the ticker symbol “V”. There is still no word on exactly when the Visa IPO will happen, although today’s filing offering greater detail than Visa’s initial SEC filing is a signal that the IPO should take place soon.
Visa’s rival, MasterCard, went public in 2006 and has seen its stock price rise more than 500% since, to over $200 per share.
Click here for today’s VISA IPO filing with the SEC.
