Visa Credit card - IPO

ron · #1 (**permalink**) 02-25-2008, 03:05 PM

Credit card processor VISA - V announced terms for its ipo today, via a filing with SEC. 406 million shares to be offered at $37-$42 range. JPMorgan and Goldman Sachs will be the lead underwriters. Offer date...mid March.

MontrealStocks · #2 (**permalink**) 02-26-2008, 01:16 AM

Where can we get company fundamentals ron?

ron · #3 (**permalink**) 02-26-2008, 03:17 AM

Matching Company Name Results
Amendment No. 2 to Form 10-K

you have to really dig through bunch of data tho K on the 10K.....for the first 3 q's of fiscal '07, seems they generated revs of about $3.6+ billion with a net income of $750+ million........co has no credit card liabilities.... they only collect fees for processing credit card transactions. Assuming fundies are ok, this ipo could be really interesting.

ron · #4 (**permalink**) 03-14-2008, 04:15 PM

CNBC reporting that Visa will price their IPO on Tuesday and trade on Wednesday, a day earlier than their prior pricing/trading date. They will be issuing 406 mln shares with a price range of $37-42.

Proposed trade date 03/19 date expidited from 3/20.

jst4mymny · #5 (**permalink**) 03-17-2008, 10:42 AM

this cculd be the biggest IPO of the year... if it acts anything like mastercard