MasterCard's IPO - Priceless?

The mainstream and personal finance press are starting to write about MasterCard's upcoming initial public offering. Just this afternoon we've seen stories on the MasterCard IPO from Ryan Batchelor for Morningstar.com and Grace Wong for CNNMoney.com.

Batchelor says he thinks that MasterCard is a "bargain" at the estimated price range of $40-43. He has an $80 fair value estimate on the stock which would result in a market cap of about $10.8 billion for MasterCard.

Chen's report is much less sanguine, saying that "the company's future appears less certain "given that "MasterCard faces mounting lawsuits, and long-term investors could end up footing the company's legal bills."

Either way, it sounds like it won't be long now before we'll know the financial market's reaction to MasterCard. We'll all be watching.