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Mar.19
10:01 AM ET
Wednesday, 19 Mar 2008
Visa IPO Indicating More Than $10 Above Filing Price
Posted By:Gina Francolla
Topics:Dow Jones Industrial Average | Stock Market
As we all know, the Visa IPO priced last night at $44 per share, above its range of $37 - $42 per share, raising $17.9 billion, and beating the previous record held by the AT&T Wireless IPO back in 2000, which raised $1 billion.
Visa is currently bidding between $61.20 - $61.21 per share and traders are trying to narrow that range - first we were hearing from between $52 - $57 from the NYSE, and now we are hearing slightly over the $60 level as demand continues to increase.
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