BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[One small ray of sunshine: the Visa IPO]]>http://www.bloggingstocks.com/2008/03/14/one-small-ray-of-sunshine-the-visa-ipo/http://www.bloggingstocks.com/2008/03/14/one-small-ray-of-sunshine-the-visa-ipo/http://www.bloggingstocks.com/2008/03/14/one-small-ray-of-sunshine-the-visa-ipo/#commentsFiled under: ,

Into the gloom of the current markets comes a small sparkle of excitement: the Visa IPO. Marketwatch reports that the offering will be a blockbuster, and that its March 20 offering date is already oversubscribed.

Visa, Inc., based in San Francisco, plans to offer over 400 million shares for between $37-$42. Based on the midpoint of that range, the company would raise over $15 billion.

This would be more than the market value of Visa's largest rival, Mastercard(NYSE:MA), IPO two years ago, which was $10 billion. Mastercards' shares subsequently soared 408%, according to Dealbook.

Visa currently leads marketshare with 60% of the worldwide credit market compared to Mastercard's 26% share.

Hard economic times can be great for credit card companies, since they don't own the debt. They grab a transaction fee from every purchase, and those swipes tend to happen more frequently when people are feeling cash poor.

One small ray of sunshine: the Visa IPO originally appeared on BloggingStocks on Fri, 14 Mar 2008 13:54:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>inthenewsMasrercardMCVisa IPOVisaIpoFri, 14 Mar 2008 13:54:00 EST<![CDATA[IPO takes Visa: Charge card leader could raise $10 billion]]>http://www.bloggingstocks.com/2007/11/09/ipo-takes-visa/http://www.bloggingstocks.com/2007/11/09/ipo-takes-visa/http://www.bloggingstocks.com/2007/11/09/ipo-takes-visa/#commentsFiled under: , , ,

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.

IPO takes Visa: Charge card leader could raise $10 billion originally appeared on BloggingStocks on Fri, 09 Nov 2007 18:15:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>initial public offeringInitialPublicOfferinginthenewsIPOsMAMastercard IPOMastercardIpoVisaVisa IPOVisaIpoFri, 09 Nov 2007 18:15:00 EST<![CDATA[Visa to take a swipe at an IPO]]>http://www.bloggingstocks.com/2007/06/22/visa-to-take-a-swipe-at-an-ipo/http://www.bloggingstocks.com/2007/06/22/visa-to-take-a-swipe-at-an-ipo/http://www.bloggingstocks.com/2007/06/22/visa-to-take-a-swipe-at-an-ipo/#commentsFiled under: , , , ,

The IPO of MasterCard (NYSE: MA) has been, well, priceless.

So, it should be no surprise that rival Visa is prepping for its own public offering. In fact, today the company filed some preliminary forms with the Securities and Exchange Commission to kick-start the process.

Despite competition from American Express (NYSE: AXP), Morgan Stanley's (NYSE: MS) Discover and MasterCard, Visa is still the biggest player in the space.

However, in order to pull of its offering, Visa needs to reorganize things (such as combining with its Canadian operations). But this should be fairly straightforward.

The IPO is likely to hit the markets later in the year - and I suspect it will be a big hit. It will also be a nice payday for the consortium of banks that own the firm, such as Bank of America (NYSE: BAC) and JPMorgan Chase (NYSE: JPM).

You can check out the filing at the SEC website.

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

Visa to take a swipe at an IPO originally appeared on BloggingStocks on Fri, 22 Jun 2007 20:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>American ExpressAmericanExpressAXPBACBank of AmericaBankOfAmericaJPMJPMorganMAMastercardMorgan StanleyMorganStanleyMSVisa IPOVisaIpoFri, 22 Jun 2007 20:00:00 EST