Visa IPO Charges Ahead, Raising $17.9B

"This shows that all the recent financial turmoil obviously hasn't
bothered a lot of people," said Nicholas Einhorn, an IPO analyst for
Renaissance Capital of Greenwich, Conn.

Investment bankers could still exercise an option to buy another 40.6
million Visa shares during the next 30 days. If that happens, Visa's
IPO will end up raising $19.7 billion before expenses.

Visa faces another litmus test Wednesday when its shares are scheduled
to begin trading on the New York Stock Exchagnge under the "V" ticker
symbol. The San Francisco-based company will make its debut with a
market value of about $36 billion.

Based on the strong demand among money managers who wanted a piece of
the IPO, Einhorn anticipates Visa shares will quickly soar above $50.

- more -
http://ap.google.com/article/ALeqM5ipFH13I-c1JZmVbQrEs9GuW0BIZwD8VGAN000

,
,

Talk about selling out at the top!

Visa doesn't carry any consumer debt on its books. The company makes
its money from processing fees.

Question: What happens to those fees when credit dries up?


..
..d