Stock went public at $39, now trading around ~$43.80
http://biz.yahoo.com/ap/060525/maste...ipo.html?.v=12
Some interesting bits in here:
Given Mastercard's history of winning court cases I wouldn't be too concerned about these pending lawsuits.
http://biz.yahoo.com/ap/060525/maste...ipo.html?.v=12
Some interesting bits in here:
MasterCard and larger rival Visa International face ongoing legal battles over what are known as interchange fees, which retailers pay the associations to process credit and debit card transactions. Merchant groups have already filed a class-action suit alleging unlawful price fixing of fees that hurt both merchants and consumers.
In addition, both MasterCard and Visa have also been sued by American Express Co. and Discover Financial Services LLC, the credit card division of Morgan Stanley, for anticompetitive practices that blocked member banks from issuing cards on their rival networks.
In addition, both MasterCard and Visa have also been sued by American Express Co. and Discover Financial Services LLC, the credit card division of Morgan Stanley, for anticompetitive practices that blocked member banks from issuing cards on their rival networks.
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