Visa's initial public offering made its new owners very, very rich when it priced Tuesday night for a record-breaking $17.9 billion. Now Wall Street wants to know how it will fare on the open market as it begins trading today on the New York Stock Exchange under the ticker symbol V (V).
There are high hopes for Visa, despite months of stock and bond market turmoil that has dragged the three major indexes lower and pushed bond yields to their highest levels in years. While no one believes that the markets will rebound because of Visa, analysts believe its success could breathe life into a stagnant IPO market.
No comments:
Post a Comment