Visa Priced the hotly anticipated offering of 406 million shares at $44 a
share, topping the previously estimated range of $37 to $42 a share. Visa shares
will trade on the New York Stock Exchange starting Wednesday, under the symbol V.
I'm hoping if it pops off of the opening it will only go to about $60 or so. Or maybe it will just stay in the $50 range for most of the day. However, anything less then $50 is going to be a steal. After all MasterCard IPOed at about $45 or so IIRC and it is now trading at $210.25. I think Visa will be even bigger then MasterCard. In Visa you still have all of the fees while the banks get to shoulder the risks.
No comments:
Post a Comment