Visa Credit Card I.P.O.

Visa becomes a pulicly traded company.

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 .

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