Visa Inc. launched an initial public offering (IPO) that raised $17.9 billion in March 2008. The stock trades under the symbol "V," and was issued to those purchasing at the IPO price of $44 per share. Floor trading began on March 19, 2008. The company is an retail electronic payment network that has the ability to transfer money to financial institutions, merchants, consumers and government entities.
Fast Facts:
- Stock symbol: V, NYSE
- Annual revenue (2007): $3.590 billion U.S.
- Year Established: 1970 incorporated in Delaware
- Industry: Credit Card
- Phone: 1-415-932-2100
- HQ: San Francisco, California
- President: John C. Morris
- CEO: Joseph W. Saunders
- CFO: Byron H. Pollitt Jr.
- Staff: 5,479
Key Dates
Visa IPO Offering News
Yahoo! News RSS: Visa IPO
Reuters: Kuwait's KIA invests $800 mln in Visa IPO (April 6, 2008)
Icerocket News Search: Visa IPO
Rueters: Visa Jumps More Than 35 pct in Market Debut (March 19, 2008)
Bloomberg.com: Visa Plans Stock-Market Debut as Demand for New Shares Slumps (March 18, 2008)
Reuters: Bank Owners Counting on Big Payday From Visa IPO (March 16, 2008)
BusinessWeek: Extra Credit for Visa's IPO (March 10, 2008)
Charlotte Observer: Should You Join the Visa IPO Craze? (March 3, 2008)
Reuters: China Merchants Bank Keen on Buying into Visa IPO (March 3, 2008)
Seeking Alpha: Profit from Visa - the Biggest IPO in U.S. History (March 2, 2008)
Washington Post: The Appeal of Visa's IPO (March 2, 2008)
Marketplace: Buzzword: "V" (February 29, 2008)
Reuters: Visa Sets Possible Record $18.8 Billion IPO (February 25, 2008)
TheStreet.com: Visa Files Terms for IPO (February 25, 2008)
Reuters: Visa IPO Hit By Unexpected Snag--Recession Fears (January 25, 2008)
WSJ.com: Visa Reports Annual Loss Ahead of IPO (December 22, 2007)
Google News: Visa IPO
