Thursday, March 16, 2006

Company Planning Largest IPO Since Google, Reports Quarterly Loss (

MasterCard Inc. while continues to plan for a 2nd quarter IPO and what would be the largest offering since Google's 2004 financing, reported 4th quarter sales. Sales during the key holiday retail season was not enough to turn a profit at the nation's second largest credit card association, as MasterCard Inc. reported a 4th quarter loss of more than $50 million.

Even though MasterCard continues to suggest that the public will embrace its public offering sometime prior to the end of June, investors will have a hard time skirking the liability from the multi-billion dollar antitrust interchange litigation.

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