Visa expects $18.8 billion revenue from offering
26 February 2008
Credit card provider Visa will be selling a staggering amount of shares in an effort to raise a possible $18.8 billion.
Visa will sell 406 million Class A shares at $37 to $42 each for a possible $17.1 billion, with considerations of selling a further 40.6 million shares to bring the total to $18.8 billion dollars. This would be a record breaking number for such a move.
Visa credits the reason for it being such an excellent investment opportunity that they expect global transaction volume, which credit card companies benefit from, to have increased by 12 per cent from the period 2006 to 2012.
If you are interested in a Visa credit card, please browse the range of Visa options at creditcards.com.au
Source: Reuters
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