Anyone hear yet of the pricing for the Visa IPO?
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I heard from two different sources:
Source A] About $80/share
Source B] $37 to $42./share
I KNOW one thing: I DON’T AND WON’T do IPOs. I’m not buying any of it - not until “the dust settles”. THEN I’ll do my usual fundamental and technical analysis. Based on that, then I’ll make a decision.
BTW, it’s supposed to be available tomorrow. BUT I heard It supposed to be available on Monday, 3-17-08.
Thanks for asking your Q! I enjoyed answering it!
VTY,
Ron Berue
Yes, that is my real last name!
“The credit card giant plans to sell 406 million shares for between $37 and $42 a share. ”
money.cnn.com/2008/03/18/news/companies/benner_visa_ipo.fortune/?postversion=2008031811www.reuters.com/article/newIssuesNews/idUSN1441824820080314
Visa looks as if it will be priced at $44/share.
Source: CNBC-TV citing Reuters Report 250PM EST 03-18-2008.
The first price of trading will be determined by the number of buy orders and sell orders.