Friday, October 13, 2006

Visa to go public as well...

Financieele Dagblad reports that Visa intends to restructure its organization in order to create a new public global corporation called Visa Inc. As a part of this restructuring, Visa Europe will remain a membership association, owned and governed by its European member banks, and become a licensee of Visa Inc.

Mastercard did the same in May this year, collecting some $ 2,4 billion. Since then its stock rose about 80 % so that Mastercard is now valued at $ 9,5 billion. Analysts estimate that Visa would be worth $ 20 billion. And, if this were to be the case, the British bank Barclay might see some $ 200 million coming in (having about 1% of shares).