Visa, Inc. (NYSE: V) has just opened for trading after its record IPO for a US-listing. The buy interest has been increasing all morning. Visa shares have just opened for trading at what looked like $60.00, with some trades at $61.00.
The merger priced at $44.00 per share, above the $37.00 to $42.00 range. Indications were hitting the tape at $52 to $57 after the open, then indications came at $55 to $60 after the market was open for 30 minutes.
Jon C. Ogg
March 19, 2008