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If you can't run with the big dogs.......

by Mac McMullen / November 9, 2007 10:48 AM PST

You?ve heard the saying ?If you can?t run with the big dogs, stay on the porch?.

If I were an investor with venture capitol, I guess I would be looking at Visa?s upcoming IPO, and try to run with the big dogs.

Visa Inc. hopes to cash in on its massive credit and debit card network by raising up to $10 billion in what would be the second largest initial public offering of stock in U.S. history.

MasterCard Inc., Visa's next largest rival, went public 18 months ago, raising $2.4 billion in the 17th largest IPO in U.S history, according to Renaissance Capital. MasterCard's shares have climbed by nearly fivefold from their IPO price of $39, closing Friday at $193.

Visa's payment processing network is by far the largest in the United States. Last year, the company processed 44 billion transactions totaling $3.2 trillion, according to Friday's SEC filing. MasterCard processed 23.4 billion transactions totaling $1.9 trillion.

Visa makes most of its money from the fees it charges card issuers and merchants for using its network. During the first nine months of this year, the company earned $771 million on $3.7 billion in revenue.

Because it acts as an intermediary, Visa doesn't sustain losses when consumers don't repay the debts run up on credit cards bearing its brand. Those liabilities instead fall to the banks that issue the cards and set the terms of repayment.

Full article, interesting read: http://biz.yahoo.com/ap/071109/visa_ipo.html

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Great info Mac.
by grimgraphix / November 9, 2007 11:59 AM PST


anyone got a few thousand I can borrow? Devil

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Any "collateral"?
by Steven Haninger / November 9, 2007 8:05 PM PST
In reply to: Great info Mac.

Funny how we only hear that word these days when coupled with "damage". Perhaps the two words are inseparable in both uses. Happy

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