Visa IPO...Overhyped?

visa aint the same biz as MA...visa incurs defaults ma doesnt.MA has no risk they just collect the 4% fee the banks are stuck with the delinquent debt-not ma.Visa is on the hook if credit card hiolders default.
This smells like bx.Lock in at the top-right before credit cards start defaulting like crazy.
 
this would be a very hot ipo if we were a year back. But given the current market conditions/problems and the potential pending credit card problems, it maybe not so wise to dive in head first... :)
 
Quote from Reaver:

So what'll happen to them when everyone defaults on their credit cards?

Wonder why they're trying to pass the bag to people all of a sudden after all these years? Could it have anything to do with this insane amount if credit card debt and defaults about the go off like a time bomb?

They can't be holding the bag on this. They need to sell some shares out to others so they can take the heat.
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It is a little joke if you live in USA, and see commercials on TV, priceless! :D They have emotional icons also. They have all kinds of advertisements, take this one: buying a hot dog at a baseball game $3.99, a day with your kids, they will never forget "priceless"! You can buy things on credit card which create memories, that the joke of it! :D :p
 
Quote from SuperCruz:

It is a little joke if you live in USA, and see commercials on TV, priceless! :D They have emotional icons also. They have all kinds of advertisements, take this one: buying a hot dog at a baseball game $3.99, a day with your kids, they will never forget "priceless"! You can buy things on credit card which create memories, that the joke of it! :D :p
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Lol .. hotdogs over here don't cost 3.99 at the baseball games - they cost 7 bucks. Sad isn't it?
 
7 hours ago
Visa Moves Up IPO Offering For Wednesday Trade
Posted By:Bob Pisani
Topics:Investment Strategy | Stock Market
Companies:Citigroup Inc | Bank of America Corp | Bear Stearns Companies Inc | Wells Fargo and Co | JPMorgan Chase and Co

Credit card giant Visa, which was scheduled to price its mammoth IPO Wednesday night for trading Thursday, is moving the offering up to price Tuesday night for trading trade on Wednesday.

Four hundred and six million shares will be offered between $37-$42, all by the company (42 percent of the company is being sold). This should eventually translate into a nice windfall for JP Morgan (23.3 percent), Bank of America (owns 11.5 percent), Citigroup (5.5 percent), and Wells Fargo (5 percent), who are all shareholders. JP Morgan and Goldman are the lead managers.
 
Does anyone know what is the lag for when options will be trading on Visa (V)???


Will it be immediately, or a couple of days later?
 
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