Visa IPO May Be Largest in US History
Visa Expects to Raise Up to $18.76 Billion in Public Offering of Up to 446.6 Million Shares

February 25

NEW YORK (AP) -- Visa said Monday it could raise almost $19 billion from an initial public offering, which would easily become the largest IPO in U.S. history.

San Francisco-based Visa Inc. said in a Securities and Exchange Commission filing it will offer 406 million shares at $37 to $42 per share. There will be an option for its underwriters to buy an extra 40.6 million shares to cover any excess demand.

Visa made its initial IPO filing in June with the SEC. The shares will be listed with the New York Stock Exchange under the ticker V.

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