MasterCard Going Public
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.
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