Record $17bn in record IPO from Visa
Rahul Zinta
Feb. 25, 2008

Visa will put 406 million shares for public sale. Visa said it would sell up to 447.2m shares at between $37 and $42 each.M

The company plans to raise raise as much as $17 billion in what would be the biggest U.S. initial public stock offering as the largest credit-card network in the world tries to replicate the success of smaller rival MasterCard Inc.

Fifteen banks are arranging Visa's share sale, including JPMorgan Chase & Co., Goldman Sachs Group Inc., Bank of America Corp. and Citigroup Inc. The stock will list on the New York Stock Exchange under the ticker V.

Record $17bn in record IPO from Visa
Rahul Zinta
The company plans to raise raise as much as $17 billion in what would be the biggest U.S. initial public stock offering as the largest credit-card network in the world tries to replicate the success of smaller rival MasterCard Inc.
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Obama as President will bring India and US strategically closer
Preeti Singhani
After forty-five years, the world will have a superpower that is fair. Since John F. Kennedy, not a single US president helped the developing world and their citizens who are hungry for democracy, freedom and justice.
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Democrat politicians who supported Hillary Clinton are now marked as ‘special interest driven' politicians
Smitha Malini
Now these politicians are embarassed. But more importantly, they are exposed. They will have to fight to protect the political careers in upcoming elections. They can win but the scar mark will never go.
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High commodity inflation and economic depression proving Federal Reserve performed very poorly
Sam Adelton
One should wonder if Federal Reserve should be allowed to operate as a private club of major bankers. They have proved that incompetent people are leading the Federal Reserve for the last twenty-eight years.
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Credit Suisse marked down of the asset-backed investments by $2.85bn sets the trend for global financial meltdown
Sam Adelton
The credit derivative market is worsening at a very fast rate. Like Credit Suisse many banks and financial institutions are seeing mismarkings and pricing errors by a large number of traders in its structured credit trading business.
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The long bond yields can rise sharply because of inflation fears
Peter Oberois
The bond market is skittish about the Fed and it’s catching up with the curve. The confidence in Fed is shaken. The gold price is scary. The fixed income market is worried about inflation.
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Dollar hits correction but is poised to move up in 2008 as Asian and European economies under perform that in US
Peter Oberois
Most of the rate cuts in the US are done. Europe is just starting to think about rate cuts. Japan realizes the downside risk and may not be able to raise rates. Yen and Euro may be headed lower.
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Empire State Manufacturing index at -11.7 confirms US economic depression has reached the main streets- Dow headed below 10,000
Sam Adelton
The Federal Reserve Bank of New York said that its Empire State Manufacturing survey showed business conditions deteriorated markedly in February, with the index at -11.7, falling below zero for the first time since May 2005.
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