Visa, the largest credit and debit card payment processor in the United States is slated for an IPO in the first quarter of 2008. The IPO is estimated to be worth $10 billion, the second largest in U.S. history. The first largest came in 2000, at the height of the dot-com boom. During that time AT&T raised $10.6 billion to expand operations.
Visa's closest competitor, MasterCard, went public about a year and a half ago raising $2.4 billion (17th largest IPO in U.S. history). Over that time MasterCard's stock climbed five-fold from its initial offering of $39 per share to $193 as of last week's closing (11/9/2007).
The demand for Visa stock is expected to be high since they have the largest credit card processing network in the U.S. Last year they processed 44 billion transactions worth $3.2 trillion. MasterCard was second by processing 23.4 billion transactions worth $1.9 trillion.
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