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Stocks V / Visa IPO


Subject:  Visa sets possible record $18.8 billion IPO Date:  2/25/2008  10:14 AM
Author:  mrgoo Number:  26 of 58;_ylt=AjBgXGFH5h8A._FIFdnFJ9YG1vAI

"The company filed with the U.S. Securities and Exchange Commission to sell 406 million Class A shares at $37 to $42 each, resulting in $15 billion to $17.1 billion of proceeds. Visa said it might sell another 40.6 million shares to meet demand, boosting the IPO's potential size to $18.8 billion"

We are starting to get more of the picture:

"Visa also intends to use $10.2 billion of net proceeds to redeem other shares, and the balance for general corporate purposes. It plans to pay a 10.5 cents per share quarterly dividend, for a dividend yield of about 1 percent.

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