Visa Inc. Prices Initial Public Offering

Related tags: visa

Posted by Soren 19 March 2008 (0 comments)

Visa Inc. (NYSE: V) announced today that it has priced the initial public offering of 406,000,000 shares of Class A common stock at $44 per share. Visa's shares will begin trading on March 19, 2008, on the New York Stock Exchange under the ticker symbol "V". The closing of the offering is scheduled to take place on March 25, 2008. Visa expects net proceeds from the offering, afterdeducting underwriting discounts and commissions and estimated offering expenses, to be approximately $17.3 billion. The underwriters have a 30-day option to purchase up to 40,600,000 additional shares of Class A common stock to cover over-allotments, if any.

Visa Inc. is a global company with operating regions in Asia-Pacific; Canada; Central and Eastern Europe, Middle East and Africa; Latin America and Caribbean; and the USA. Visa Europe is and will remain a member-owned association and a separate entity that is an exclusive licensee of Visa Inc.'s trademarks and technology in the European region.

JPMorgan, Goldman, Sachs & Co., Banc of America Securities LLC, Citi, HSBC, Merrill Lynch & Co., UBS Investment Bank and Wachovia Securities are acting as joint bookrunners with respect to the offering. The shares of Class A common stock are being offered only by means of a prospectus. Copies of the final prospectus relating to the offering may be obtained for free by visiting the U.S. Securities and Exchange Commission Web site at http://www.sec.gov. Alternatively, you may obtain a copy of the final prospectus by contacting:

-- J.P. Morgan Securities Inc., National Statement Processing, Prospectus
Library, 4 Chase Metrotech Center, CS Level, Brooklyn, NY 11245,
telephone +1 718 242 8002, facsimile +1 718 242 8003
-- Goldman, Sachs & Co., Attention: Prospectus Department, 85 Broad
Street, New York, NY 10004, facsimile +1 212 902 9316, e-mail
prospectus-ny@ny.email.gs.com.
-- Banc of America Securities LLC, 100 W. 33rd Street, 3rd Floor, New
York, NY 10001, telephone +1 646 733 4166, e-mail
dg.prospectus_distribution@bofasecurities.com
-- Citigroup Global Markets Inc., Brooklyn Army Terminal, 140 58th Street,
8th Floor, Brooklyn, NY 11220, telephone +1 718 765 6732
-- HSBC Securities (USA) Inc., Equity Syndicate Desk, 452 Fifth Ave., 3rd
Floor, New York, NY 10018, telephone +1 212 525 5000
-- Merrill Lynch, Pierce, Fenner & Smith Incorporated, Attention:
Prospectus Department, 4 World Financial Center, 5th Floor, New York,
NY 10080, telephone +1 212 449 1000
-- UBS Securities LLC, Prospectus Department, 299 Park Avenue, New York,
NY 10171, telephone +1 212 821 3884
-- Wachovia Capital Markets, LLC, 375 Park Avenue, New York, NY 10152,
e-mail equity.syndicate@wachovia.com