MasterCard Inc., one of the world's largest credit card brands, on Thursday said it intends to issue 61.5 million shares in an initial public offering that could raise a total of $2.45 billion.
The Purchase, N.Y.-based financial giant, which is currently controlled by 1,400 financial institutions which issue its debit and credit cards, said late last month it intended to go public. Those that buy shares of MasterCard's common stock will ultimately be given a 49 percent controlling stake in the company, with the balance carved up between banks and a charitable organization.
MasterCard said it expects the shares to trade on the New York Stock Exchange under the ticker symbol "MA," according to a filing with the Securities and Exchange Commission. The company said it has chosen Goldman Sachs & Co. to lead the public offering, but did not state how much it expects to price shares at.
http://www.forbes.com/business/energ...ap2226784.html
What do you guys foresee in MA's future?
The Purchase, N.Y.-based financial giant, which is currently controlled by 1,400 financial institutions which issue its debit and credit cards, said late last month it intended to go public. Those that buy shares of MasterCard's common stock will ultimately be given a 49 percent controlling stake in the company, with the balance carved up between banks and a charitable organization.
MasterCard said it expects the shares to trade on the New York Stock Exchange under the ticker symbol "MA," according to a filing with the Securities and Exchange Commission. The company said it has chosen Goldman Sachs & Co. to lead the public offering, but did not state how much it expects to price shares at.
http://www.forbes.com/business/energ...ap2226784.html
What do you guys foresee in MA's future?
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