Visa IPO to Raise $17 Billion
Feb 25, 9:39 AM EST |
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| Visa filed with the SEC to sell 50% in the company or 406 million stocks at a price between $37 and $42 per share on the success of MasterCard. |
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| Visa Inc, the largest electronic payment processor, filed with the SEC to sell 406 million shares at a price between $37 and $42 per share. The offerig, the largest in the U.S., is likely to raise between $15 and $17 billion. Second largest charge processor, MasterCard, priced its offering in May of 2006 and raised $2.45 billion at $39 per share, the stock has since then jumped 400%. |
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Bang Overseas, Shriram EPC Decline
Feb 20, 2:04 PM EST |
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| Bang overseas prices its 3.5 million shares at 207 rupees at the top end of its price range and Shriram EPC prices 5 million shares at 300 rupees. |
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| In volatile trading two newly prices offerings closed below their offer prices. Apparel maker Bang Overseas priced 3.5 million shares at 207 rupees and closed at 171 rupees. Wind turbine developer Shriram EPC priced 5 million shares at 300 rupees and closed at 293.60 rupees. Rural Electrification IPO was oversubscribed by 2.7 times from its offer size on the second day of book building. |
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MAKO Falls at the Opening
Feb 19, 9:02 AM EST |
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| MAKO surgincal public offering fell at the open, even after company lowered its offer price. |
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| Three new issues were launched during the past week, all trading below their offer price. There are two deals scheduled to be priced in the coming week, hoping to raise $200 million. Market for new issues remain weak as the broader market is caught in a trading range and investors show a lack of enthusiasm for new offerings. |
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