Visa raises US$17.9bn in largest US IPO
Notwithstanding the current turbulence in global financial markets and mounting fears of a US recession, Visa has raised US$17.9bn in the biggest ever initial public offering (IPO) in the history of American capital markets.
The credit card major has raised a total of about US$17.86bn by selling 406mn shares for US$44 each. That is US $2 more than the highest price predicted by San Francisco-based Visa in its prospectus.
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