March 19th, 2008 by merchant account blog
Visa trading starts today
Filed in: Industry News |
Despite uncertainty and a poor market, Visa’s IPO went through yesterday raising about $18B, making it the largest IPO in US history, second largest in world history. The stock market got an additional boost yesterday as the Federal Reserve lowered interest rates again.
Trading starts today and Visa’s stock was projecting several dollars above the $42 IPO price before the market was open. But, it immediately jumped above $60 when the market opened.
