dcsimg Visa Going Public - indexcreditcards.com

Credit Card Calculators

How long will it take to pay off my credit card?

In the News
  • "As comprehensive a list as you'll find of all the credit card offers on the table now."

Visa Going Public

by Peter Andrew
Visa Going Public

Visa announced today that it intends to restructure its operations to create a new company, Visa Inc., which will then have an initial public offering (IPO) to become a public company. Visa Inc. will be created through a series of mergers involving Visa USA, Visa Canada and Visa International, which includes the operating regions of Asia Pacific; Latin America and the Caribbean; and Central and Eastern Europe, Middle East and Africa. (Visa Europe will retain its current, member bank-owned association structure.) Visa said a majority of the shares in the reorganized company will be sold to the public.

If the proposed restructuring is approved, a board of directors and a new CEO will need to be named. Visa says a search for the people to fill these positions is already underway.

Visa’s biggest competitor, MasterCard, had a very successful public offering in May of this year, raising $2.4 billion. The new Visa Inc. may be twice the size of MasterCard, leaving the door open to an IPO that could rank among the very largest in history.

Disclaimer:The information in this article is believed to be accurate as of the date it was written. Please keep in mind that credit card offers change frequently. Therefore, we cannot guarantee the accuracy of the information in this article. Reasonable efforts are made to maintain accurate information. See the online credit card application for full terms and conditions on offers and rewards. Please verify all terms and conditions of any credit card prior to applying.

This content is not provided by any company mentioned in this article. Any opinions, analyses, reviews or recommendations expressed here are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any such company. CardRatings.com does not review every company or every offer available on the market.

Published  (Modified )

Share this article with: