Visa IPO raises a record 17.9 billion $: Finance Trading Times

Visa IPO raises a record 17.9 billion $

The Visa IPO (Read Visa IPO review)has managed to raise a record 17.9 million dollars through its Initial Public offering.

Being at the right place at the right time just helps in doing 90% of the task. It was the day when Fed has cut the rates by 75 basis points. It was the day when Goldman Sachs and Lehman Brothers have beaten the street expectations, contrary to the rumors that after Bear Stearns went burst, Lehman Brothers can also go burst.

San Francisco-based Visa, the world's largest credit card network, sold 406 million class A common stock for $44 per share, above the forecast range of $37 to $42.

Visa shares will begin trading on the NYSE or New York Stock Exchange on Wednesday, 20th of March.

When things start to go bad, one collapses after other. When things start to improve, one follows the other. It’s just the timing that has helped, otherwise how many times do you see a rally of 420 points or 3.51% in Dow Jones.
Hopefully, the Indian & Asian stock Markets will also follow suit today, as the Asian markets have been waiting for some triggers from US Fed. Table of Contents
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