GO
Loading...

Enter multiple symbols separated by commas

Credit Card Network Visa Files for IPO

Visa Inc. filed with regulators on Friday to raise up to $10 billion in an initial public offering of Class A common stock.

The world's largest credit card network did not reveal in its registration statement with the U.S. Securities and Exchange Commission how many shares it plans to offer or their expected price.

It also did not disclose where it plans to list the stock or under what symbol.

Visa first outlined plans in October 2006 to float a majority of the company, which is now owned by its 13,400 member banks.

Banks

  • EU banks still trailing behind US: CIO

    Jonathan Bell, chief investment officer at Stanhope Capital, says that while European banks are trailing behind their U.S. counterparts, they have potential for credit expansion in the near future.

  • Maybank CFO: Expect slower loan growth this year

    Mohamed Rafique Merican, CFO of Maybank Group, says factors such as weaker commodity prices and the implementation of the goods and services tax will weigh on loan growth this year.

  • These factors will take Japan stocks higher

    Nicholas Ferres, investment director of Global Asset Allocation at Eastspring Investments, attributes his bullish stance on Japan to factors such as corporate restructuring and valuation re-rating.