Visa’s Initial Public Offering (IPO)
Wow, I’m not sure how I missed this, but Visa Inc. (V) went public last week. When all was said and done, their initial public offering (IPO) ended up raising a record $18 billion. Just for the sake of comparison, this is more then ten times the value of the Google (GOOG) IPO, which raised a bit under $1.7 billion.
Given the strength of their brand, their large market share, and the central importance of credit card processing to the modern-day economy, I would imagine that bright things are in store for Visa.
Published on March 25th, 2008 - Leave a Comment
Filed under: Credit Card News
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