Friday, September 16, 2005

First MasterCard, Now Visa IPO?

They're running to cash out quickly. Word now that Visa might be considering an IPO.

Click here

And then, as reported by the Associated Press, MasterCard "recently unveiled plans for an initial public offering to help reshape its business during a time of unprecedented competitive and legal challenges. Chairman Baldomero Falcones and President and Chief Executive Officer Robert W. Selander said in a letter to member banks that the IPO was in part formulated to address these legal hurdles.