Largest U.S. IPO ever


Today’s Visa IPO raised nearly $18 billion, topping the AT&T Wireless IPO of $10.6 billion in 2000 — on a day when the Dow fell 300 points.

Some interesting numbers: Visa earned $5.2 billion in revenues last year, handling 44 billion credit card transactions totaling more$3.2 trillion in value.

Unlike sub-prime mortgage holders, Visa has no debt exposure since it makes money by charging fees on each credit card transaction. Its management has forecast 20% earnings growth for the next two years.

From Yahoo! Finance.


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