- Pre-Market Indications

Wednesday, March 19, 2008

Visa IPO priced at record $17.9 billion, or $44 a share

Visa IPO priced at record $17.9 billion, or $44 a share -

NEW YORK (Fortune) -- Visa buyers paid a whopping $17.9 billion, or $44 a share, when the company priced its initial public offering Tuesday evening.

The number punctuated a Wall Street comeback that included another Federal Reserve rate cut, surprisingly strong earnings results from Goldman Sachs and Lehman Brothers, and a 420-point spike in the Dow, its largest one-day point gain in five years.

The San Francisco-based credit card processor became the largest IPO ever, surpassing the $11 billion record held by AT&T (T, Fortune 500) wireless as well as its own $37 to $42 a share price range.

No comments:

Post a Comment

Your spam will not get posted on my blog. No wizetrade spammers etc

Pre Market Movers - Futures Trading - Nasdaq - NYSE

Subscribe to "The $t0ckman" via email

Enter your email address:

Delivered by FeedBurner