Visa Inc. Begins Trading on NYSE
Visa Inc. began trading this morning on the New York Stock Exchange - stock symbol V - in early trading the shares traded up over 30 percent from the $44 offering price. Visa has added a new Investor Relations section to its corporate web site. Visa Inc.'s Chairman and Chief Executive Officer, Joseph W. Saunders, made a statement following the launch of trading: "This is an exciting and historic day for Visa. It marks the culmination of a more than two-year process that led to our global reorganization and our becoming a public company."
"This milestone could not have been achieved without the support of our employees and our client financial institutions. They see the potential in Visa Inc. as a public company. We believe Visa's new structure positions us to meet the changing needs of our merchant and financial institution clients around the world as we seek to enhance and grow the products and services we provide to our customers."
"We operate in a large global market undergoing a significant shift from cash and check to electronic payments. We believe Visa is well positioned to build upon our past success and take advantage of this migration to electronic payments."
"This confidence is a result of our unique assets including our globally-recognized and trusted brand; superior centralized processing network; comprehensive products and services; and diverse and long-standing client relationships."
"We believe these assets provide the foundation for our future success."
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