Poll: Visa is Coming this Week. Are You Buying?

By Sun on Mar 17, 2008 in Poll
Post viewed 319 times, 1 so far today

Credit card network giant Visa Inc. is scheduled to go public on Wednesday, March 19th with its massive IPO, according to Marketwatch.com. The stock will be traded on NYSE under the symbol V. If Visa indeed goes ahead with its IPO in the middle of the current stock market turmoil, the offering will be the largest ever in US history, valued at $18 billion dollar.

The following is the historical price chart of Visa’s smaller rival MasterCard (MA) since its debut in May 2006. Despite the crisis in the financial market, MA is holding up very well, showing a minor year-to-date loss of 3%, but gaining more than 350% since its IPO.

If the success of MasterCard is any indication, then Visa can be expected to do well in the future. In fact, according to Renaissance Capital,

Visa appears to be coming to market at a sizeable discount to MasterCard based on (its) forward price-to-earnings ratio, which may be because the banks that are receiving most of the proceeds are strapped for cash and are pricing the deal to sell.

Will You Buy Visa?

Yes, will buy the stock on March 19 (67%)
Yes, will buy the stock, but will wait a little (24%)
No, the market condition is very bad for an IPO (9%)

Total Votes: 371

Loading …

Readers Who Viewed This Post, also Viewed

Trackback URL

Permalink

1 Trackback(s)

From Poll: So, Did You Buy Visa? | The Suns Financial Diary | A Personal Finance Blog on Saving and Investing | Mar 19, 2008

Share Your Thoughts

Your opinion matters. If you have any thoughts on Poll: Visa is Coming this Week. Are You Buying?, please share them with us using the form below.