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What do you think of the VISA IPO. Who is buying and who is not and why?
I think the initial offering is 403 million shares at 37-42 dollars. Mastercard is around 190 and has roughly 1/3 shares outstanding as Visa will initially offer. Who's in and who's out and please let me know why you feel the way you do.
1 Answer
- 1 decade agoFavorite Answer
Some cool stuff from seekingalpha:
I have one idea for you. You probably won't get rich and hey I can't guarantee you'll make a dime (how's that for a disclaimer - now do your own DD!), but for grins and giggles I thought I'd throw out a back door entry into the Visa IPO bonanza. National City Corp (NCC). Huh? Here's my reasoning: National City owns what will be a 4 - 5% stake in the new public Visa. Considering NCC does just north of 12 billion in revenue a year, it won't amount to a large slice, but enough of a slice to potentially start moving the stock out of the cellar.. a deep dark cellar. I'm not a bottom fisher and don't recommend it as a strategy, but for you valuation junkies who like to run the numbers perhaps this trade makes some sense down here?
