Visa Inc. Prices Initial Public Offering
Visa Inc. announced today that it has priced the initial public offering of 406,000,000 shares of Class A common stock at $44 per share. Visa's shares will begin trading on March 19, 2008, on the New York Stock Exchange under the ticker symbol "V". Visa expects net proceeds from the offering, after deducting underwriting discounts and commissions and estimated offering expenses, to be approximately $17.3 billion.
Some other coverage:
- NY Times: Big Payday for Wall St. in Visa’s Public Offering
- Bloomberg: Visa Raises $17.9 Billion in Record-Setting U.S. IPO
- Reuters (Washington Post): Visa raises $17.9 billion in record IPO
- WSJ Marketbeat blog: Everywhere an IPO Wants to Be
- Australia: ANZ gets $350m windfall from Visa float
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