In March 2008 the payments network Visa Inc. completed an initial public offering that was, at the time, the largest in United States history, raising roughly 17 to 19 billion dollars. The offering converted Visa from a bank owned association into a publicly traded corporation and came just months before the onset of the broader 2008 financial crisis.
Facts
Event TypeInitial public offering 1 Cross-Tradition Connections
Associated With
The Visa March 2008 initial public offering, the largest IPO in United States history at the time, is a finance-practice case study in payment-network valuation and capital raising.
Companies Involved
Sources
1. Wikipedia, Visa Inc.
WikipediaIPO sectionQuote, IPO section
The IPO took place on March 18, 2008. Visa sold 406 million shares at US$44 per share ($2 above the high end of the expected $37–42 pricing range), raising US$17.9 billion in what was then the largest initial public offering in U.S. history.
1. Wikipedia, Visa Inc.
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