Visa with record IPO in USA
The company operator of credit cards Visa, made nearly 17 billions USD in Tuesday in the largest primary public offering in American history. The investors bought all offered shares, in searching of good possibility to invest their free funds in the conditions of world credit crisis.
Visa sold 406 000 000 shares with a price of 44 USD per share and collected 17.9 billions USD before the start of the exchange session today. The company will take a exchange code “V”, with with will be listed on the New York Stock Exchange. The price of shares was better than expected in the range of 38 to 42 USD per share, and this showed hos strong was the request of the investors.
Visa is expecting net incomes after paying of taxes of emission of 17.3 billions USD. Today;s IPO is the top in the history of American capital markets, and till that moment the largest funds was of AT&T Wireless in 2000 for 10.6 billions USD. In spite of that, the public offering of Visa, did not won the competition with Chinese bank ICBC, which realized 21.9 billions USD in October 2006.
Labels: Business News
posted by Zoritza Petrova @ 11:24 AM
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