The world’s largest credit card network, Visa Inc, has raised a record $17.9 billion in an initial public offer(IPO), the second largest IPO ever in the US.
Underwriters sold 406 million class A common stock for $44 per share, above an expected range of $37 to $42. Visa’s $17.9 billion issue could be No. 2 largest IPO after Industrial & Commercial Bank of China Ltd raised $22 billion in 2006.
Visa shares finished at $56.50 on the New York Stock Exchange Wednesday.
Those who liked this article, also read these:
- India ranks the 9th largest IPO market in the world
- Reserve Bank of India raises Cash Reserve Ratio (CRR) to 7.5%
- India raises rice export prices
- TiVo to offer YouTube videos directly to television
- Initial reaction by Dr R.K. Pachauri upon receiving 2007 Noble Prize for peace
- International Institute of Information Technology(IIIT-B) to offer 40 scholarships
- China’s 1 st step for resource-rich Africa
- TNPSC Results – Tamil Nadu Public Service Commission
- Bank of America, Chevron made it on Dow Jones
- Reliance Power – biggest and most-hyped in the world plummeted
Subscribe RSS feed