Visa Inc. Prices Initial Public Offering
19.03.2008, 09:36
San Francisco (USA, California) 19 March (PROTEXT/PRNewswire) - Visa Inc.(NYSE:V) announced today that it has priced the initial public offering of406,000,000 shares of Class A common stock at US$44 per share.
Visa's shares will begin trading on March 19, 2008, on the New York StockExchange under the ticker symbol "V". The closing of the offering isscheduled to take place on March 25, 2008. Visa expects net proceeds fromthe offering, after deducting underwriting discounts and commissions andestimated offering expenses, to be approximately US$17.3 billion. Theunderwriters have a 30-day option to purchase up to 40,600,000 additionalshares of Class A common stock to cover over-allotments, if any.
Visa Inc. is a global company with operating regions in Asia-Pacific;Canada; Central and Eastern Europe, Middle East and Africa; Latin Americaand Caribbean; and the USA. Visa Europe is and will remain a member-ownedassociation and a separate entity that is an exclusive licensee of VisaInc.'s trademarks and technology in the European region.
JPMorgan, Goldman, Sachs & Co., Banc of America Securities LLC, Citi, HSBC,Merrill Lynch & Co., UBS Investment Bank and Wachovia Securities are actingas joint bookrunners with respect to the offering. The shares of Class Acommon stock are being offered only by means of a prospectus. Copies of thefinal prospectus relating to the offering may be obtained for free byvisiting the U.S. Securities and Exchange Commission Web site athttp://www.sec.gov. Alternatively, you may obtain a copy of the finalprospectus by contacting:
- J.P. Morgan Securities Inc., National Statement Processing, ProspectusLibrary, 4 Chase Metrotech Center, CS Level, Brooklyn, NY 11245, telephone+1-718-242-8002, facsimile +1-718-242-8003
- Goldman, Sachs & Co., Attention: Prospectus Department, 85 Broad Street,New York, NY 10004, facsimile +1-212-902-9316, e-mailprospectus-ny@ny.email.gs.com
- Banc of America Securities LLC, 100 W. 33rd Street, 3rd Floor, New York,NY 10001, telephone +1-646-733-4166, e-maildg.prospectus_distribution@bofasecurities.com
- Citigroup Global Markets Inc., Brooklyn Army Terminal, 140 58th Street,8th Floor, Brooklyn, NY 11220, telephone +1-718-765-6732
- HSBC Securities (USA) Inc., Equity Syndicate Desk, 452 Fifth Ave., 3rdFloor, New York, NY 10018, telephone +1-212-525-5000
- Merrill Lynch, Pierce, Fenner & Smith Incorporated, Attention: ProspectusDepartment, 4 World Financial Center, 5th Floor, New York, NY 10080,telephone +1-212-449-1000
- UBS Securities LLC, Prospectus Department, 299 Park Avenue, New York, NY10171, telephone +1-212-821-3884
- Wachovia Capital Markets, LLC, 375 Park Avenue, New York, NY 10152,e-mail equity.syndicate@wachovia.com
This press release shall not constitute an offer to sell or a solicitationof an offer to buy Class A common stock of Visa Inc., nor shall there beany sale of these securities, in any state or jurisdiction in which suchoffer, solicitation or sale would be unlawful prior to registration orqualification under the securities laws of any such state or jurisdiction.
About Visa:
Visa Inc. operates the world's largest retail electronic payments networkproviding processing services and payment product platforms.
This includes consumer credit, debit, prepaid and commercial payments,which are offered under the Visa, Visa Electron, Interlink and PLUS brands.Visa enjoys acceptance around the world and Visa/PLUS is one of the world'slargest global ATM networks, offering cash access in local currency in morethan 170 countries.
Contacts:
Sandra Chu, Media Relations
Visa Inc.
Tel.: +1-415-932-2564
E-mail: globalmedia@visa.com
Victoria Hyde-Dunn, Investor Relations
Visa Inc.
Tel: +1-415-932-2119
E-mail: vhydedun@visa.com
Web site: http://www.sec.gov
Source: Visa Inc.
Sandra Chu, Media Relations, tel.: +1-415-932-2564, e-mail:globalmedia@visa.com, or Victoria Hyde-Dunn, Investor Relations, tel.:+1-415-932-2119, e-mail: vhydedun@visa.com, both of Visa Inc.
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