Nov. 11 2008 NEW YORK (Fortune) -- Visa credit card, the giant credit card issuer, ended its first day as a publicly traded company at $56.50 a share.
It rose to 28% above its initial public offering price of $44.
The company sold 406 million shares for $2 more than its estimated $39-$41 range.
It began its first trading day on the New York Stock Exchange at $59.50 and climbed as high as $69 in intraday trading.
It was a long time comming for Visa. This is very exciting in all respects when a credit card company has taken this step.
We will keep an eye on this one and report back to you .