Visa to offer $406 million Class A shares at $37-$42 each
Feb 25, 2008
Stock Market
Visa Inc, the world’s largest credit-card network has registered it’s IPO of 406 million Class A shares at a price of $37 to $42 per share. The company estimated that net proceeds of the sale would come to about $15.6 billion, assuming the mid point of the offer range.
In an amended filing with the SEC, the company said JP Morgan Securities, Goldman Sachs, Banc of America Securities, Citigroup Global Markets, HSBC Securities, and Merrill Lynch, among others, were underwriting the IPO.
The company said it applied for a New York Stock Exchange listing under the symbol “V.”
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