Monday, March 17, 2008

Visa IPO Wednesday 3/19

I hope I get a chance to pick up Visa on the cheap. I'm hoping for a down day to drive the price down so I can load up big. I think this might be one of those rare IPOs that goes ape in a few years like Google or MasterCard.
Visa has filed to sell 406 million Class A common shares at $37 to $42
apiece, for proceeds of $15 billion to $17 billion.
If demand is strong, an
additional 40 million shares could sell, pushing proceeds as high as $19
billion. Even at the low end of expectations, the IPO would set a record in the
United States, beating out AT&T's $10.6 billion deal in 2000.

No comments: