IPO takes Visa: Charge card leader could raise $10 billion

Posted Nov 9th 2007 6:15PM by Tom Taulli
Filed under: JPMorgan Chase (JPM), MasterCard Inc'A' (MA), Goldman Sachs Group (GS), Initial Public Offerings

Visa IPO Visa is the biggest retail electronic payments network (the cards are accepted in over 170 countries), and its brand is one of the world's most recognized. Now, investors will get a chance to buy shares in the company.

Late Friday, the company filed the necessary papers for an IPO. And it should be a doozy, perhaps raising more than $10 billion.

Visa gets revenues from card service fees, data processing fees, and international transaction fees. And it all certainly adds up. For the first nine months of 2007, Visa generated revenues of $3.7 billion and net income of $771 million.

Of course, in May of last year, rival MasterCard (NYSE: MA) went public. So far, it is up a sizzling 390%. So, expect investors to pile on the Visa deal.

Visa's lead underwriters include JPMorgan (NYSE: JPM) and Goldman Sachs (NYSE: GS).

You can visit the SEC website for the prospectus. Also, you can check out other recent IPO activity at DealProfiles.com.

Tom Taulli is the author of various books, including The Complete M&A Handbook and The Edgar Online Guide to Decoding Financial Statements.

Tags: initial public offering, InitialPublicOffering, inthenews, IPOs, MA, Mastercard IPO, MastercardIpo, Visa, Visa IPO, VisaIpo

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Reader Comments (Page 1 of 1)

4-20-2008 @ 10:40AM

rovoo said...

how much per share?
http://www.rovoo.com/

1-10-2008 @ 7:47PM

Scott said...

Not to sound like a idiot. But where would one find infomation about buying the shares. I have been searching and really this is a diffrent terriority for me. Any information would be helpful. Thankyou.