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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