Feb
26
Play your cards right
Visa plans a $19 billion IPO
WHEN markets are rocky and the economy is wobbling is it a good idea to splash out on a credit card? Visa, the world’s leading credit-card operator, certainly thinks so. On Monday February 25th Visa said that it would soon go ahead with an initial public offering (IPO) of around half of its shares, which might raise as much as $18.8 billion. Given the dark mood at most of America’s leading financial institutions what has motivated Visa to embark upon what would be,…
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