Visa Can Sit Out Mastercard's IPO For Awhile
[Update - October 11, 2006: Visa this morning announced plans to reorganize and, eventually, to pursue an IPO].
James Kelleher reports for Reuters on whether Visa's in any hurry to follow MasterCard in going public.
But even if Visa followed MasterCard's lead, it is unlikely it would look anything like MasterCard's IPO. Unlike MasterCard, which is a single entity worldwide, Visa is a multi-pronged corporation with at least four separate regionally focused corporations and three more unincorporated units serving Asia, Latin America, and Central Europe, the Middle East and Africa.If it went public, it's not clear what exactly would be sold to investors.
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