Visa filed with the SEC to sell 50% in the company or 406 million stocks
at a price between $37 and $42 per share on the success of MasterCard.
Visa Inc, the largest electronic payment processor, filed with the SEC
to sell 406 million shares at a price between $37 and $42 per share. The
offerig, the largest in the U.S., is likely to raise between $15 and $17
billion. Second largest charge processor, MasterCard, priced its
offering in May of 2006 and raised $2.45 billion at $39 per share, the
stock has since then jumped 400%.
From: http://www.123jump.com/
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