Monday, March 17, 2008

The Big Winners of the Visa IPO will be

The big winners of Wednesday's IPO will be:

JP Morgan Chase & Co (JPM.N: Quote, Profile, Research), selling roughly
28.7 million shares for proceeds of as much as about $1.2 billion.

Buying Bear Stearns for $2/share... Just over $200M, something
to do with the over $1B mark...

Bank of America Corp (BAC.N: Quote, Profile, Research), selling roughly
14.3 million shares for proceeds of as much as about $600 million.

National City Corp (NCC.N: Quote, Profile, Research), selling roughly
9.9 million shares for proceeds of as much as about $416 million.

Citigroup Inc (C.N: Quote, Profile, Research), selling roughly 6.9
million shares for proceeds of as much as about $290 million.

U.S. Bancorp (USB.N: Quote, Profile, Research), selling roughly 6.2
million shares for proceeds of as much as about $260 million.

Wells Fargo & Co (WFC.N: Quote, Profile, Research), selling roughly 6.2
million shares for proceeds of as much as about $260 million.

Source: Visa Inc amended registration statement with the U.S. Securities
and Exchange Commission, with proceeds calculated based on an IPO price
of $42 per share. (Reporting by Lilla Zuill, editing by Gerald E.
McCormick)

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