Visa May Raise as Much as $17 Billion in Initial Sale
Visa Inc. may raise as much as $17 billion in what would be the biggest U.S. initial public stock offering.
Visa, the world's largest payment-card network, plans to sell 406 million Class A shares for $37 to $42 each, the San Francisco-based company said in a regulatory filing today. Banks have the option of selling an additional 40.6 million shares, pushing the potential size of the deal to $18.8 billion.
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