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Visa plans to lead IPO
11 November 2007The world’s largest international payment system Visa Inc. plans to lead primary public shares’ accommodation (IPO) during which it is going to involve nearby 10 billion dollars. Such information has been represented in the document of the company, directed to the US securities and stock exchanges commission (SEC).
At the same time Visa’s message has no concrete terms, prospective volume and the price of shares’ accommodation during IPO.
Prospective IPO Visa, which the American market is expecting since 2006, when Visa for the first time has declared the plans on stock exchange release, promises to become the most scale one in the USA for last years. Last primary public shares’ accommodation of similar scale has been lead in 2000 by the American telecommunication company AT&T Wireless Group for the sum of 10,62 billion dollars
Visa has also informed, that leading American banks J.P.Morgan Chase both Co. And Goldman Sachs Group Inc. can become IPO’s organizers. The involved means will go on increase of Visa’s network funds and payment under the numerous claims, accusing the company in infringement of the antimonopoly law.
Visa Inc. is the largest world credit cards’ operator. At the beginning of 2007 Visa controlled more than 1,3 billion credit cards.
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