Current Price (4/30/08) $83.45
First Day Close $56.68
Return from IPO 89.7% in less than 2 months!
IPO Profile
IPO Date 3/18/08
Offer Price $44.00
Offer Shares 406.0 mm
Visa Inc. sold 406,000,000 shares priced at USD$44 each, raising nearly 17.9 billion dollars (despite a growing financial crisis in the country) before it begins trading on the New York Stock Exchange NYSE on 19 March 2007 - Wednesday under the ticker symbol "V"
It is the largest share offering (IPO) in US history (as of Mar 2007 ). Visa's IPO easily broke the US record of 10.6 billion dollars set by AT&T Wireless in 2000. But it is well short of the world's largest IPO, a 21.9-billion-dollar offering by Chinese bank ICBC, The Industrial and Commercial Bank of China, on Shanghai and Hong Kong markets in October 2006.
Analyst commented that the price was higher than the expected 38 to 42 dollars a share. But Market Sentiment was so strong that on the first day of trading 19 March 2008, it closed at USD$ , a sign of the strong demand for Visa's stock.
Very soon, I believe that it will give investor 100% return! Then 200%...300%.... and surpass MA 600% return!
And we believe that it will and it should give better return to Visa Investors compare with MasterCard Ticker!
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MasterCard IPO
Current Price (4/30/08) $278.16
First Day Close $46.00
Return from IPO 613.2% in less than 2 years!
IPO Profile
IPO Date 5/24/06
Offer Price $39.00
Offer Shares 61.5 mm
MasterCard went public 18 months ago, raising $2.4r billion (euro1.63 billion) in the 17th largest IPO in U.S history
MA IPO Price is USD$39 at 24 May 2006, closed at USD$46 on the first day of trading. Offered Shares - 61.5mil. MasterCard's shares have climbed by nearly sevenfold, closing on 30 Apr 2008 at $278.16!
MasterCard processed 23.4 billion transactions totaling $1.9 trillion (euro1.29 trillion).
Visa's payment processing network is by far the largest in the United States. Last year, the company processed 44 billion transactions totaling $3.2 trillion (euro2.18 trillion)
Visa makes most of its money from the fees it charges card issuers and merchants for using its network.
Because it acts as an intermediary, Visa doesn't sustain losses when consumers don't repay the debts run up on credit cards bearing its brand. Those liabilities instead fall to the banks that issue the cards and set the terms of repayment.
Most of Visa's major stockholders are banks. They include: J.P. Morgan Chase & Co., which owns 23.3 percent of the company's Class B Stock; Bank of America Corp., 11.5 percent; National City Corp., 8 percent; Citigroup Inc., 5.5 percent; U.S. Bancorp, 5.1 percent; and Wells Fargo & Co., 5.1 percent. Besides being a major stockholder, J.P. Morgan also is Visa's largest customer.
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To watch out :-
September 2008 : Visa is still fighting a similar antitrust lawsuit filed by Discover Financial
Services. That case is scheduled to go to trial next September.
CEO Joseph Saunders has promised to remain on the job until May 15, 2009.
Credit :
http://investmentaction.blogspot.com/2008/...ard-ipo-39.htmlPS: Next time if you want to post a thread here, please include all information, dont link to your blog and expect traffic will move to there. It's plainly stupid!