On March 18, 2008 Visa priced its initial public offering at $17.9 billion, or $44 a share making it the largest IPO ever. The previous record was held by AT&T; Wireless at $11 billion. Visa has been approved to list its shares on the New York Stock Exchange under the symbol "V". Visa plans to use about $10.2 billion in proceeds to redeem shares held by selling stakeholders that include JP Morgan Chase, Bank of America, Citigroup and National City Corp.
Visa IPO Price Blogs and Commentaries
Google Blog Search: Visa IPO Price
SeekingAlpha.com: "Anxiously Awaited Visa IPO Due This Week" (March 16, 2008)
BloggingStocks.com: "One small ray of sunshine: the Visa IPO" (March 14, 2008)
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References
Fast Facts
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First day of Visa stock trading
March 19, 2008
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Fact:
Visa is based in San Francisco
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Fact:
The DOW surged 420 points on the same day (March 18, 2008), making it the largest one-day gain in five years
