“Visa Inc., the largest payment-card network, set a record for U.S. initial public offerings today by raising $17.9 billion, more than expected… It values the entire company at $42.5 billion.”
“The IPO eclipses AT&T Wireless Group’s $10.6 billion stock offering in 2000 and ranks second in the world after the $22 billion debut in 2006 of Industrial & Commercial Bank of China Ltd.” – Bloomberg
Visa Raises $17.9 Billion in Record-Setting U.S. IPO
Update: Visa sold additional $1.8 billion worth of IPO shares bringing the total tally to $19.7 billion. (Source)
2 replies on “Visa IPO, biggest in US history”
Surprising, much smaller than PetroChina!
http://wastedmonkeys.com/2007/11/05/petrochina-opens-at-1-on-market-cap-charts/
@Saket
PetroChina, at its IPO, raised 66.8 billion yuan (approx $9.5 billion) selling 4 billion shares at the offer price of 16.7 yuan ($2.35) each. That was almost half the amount of funds generated by Visa’s share sale of $17.9 billion from 406 million shares @ $44 each.
However, the eventual market capitalization of PetroChina’s entire shareholding, after the market opened and trading began, was $1.1 trillion, whereas, the figures mentioned in the article here were published before trading began for Visa.