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Where the Visa IPO Money Went

June 11, 2008 · Filed Under US Stocks and Markets · Comments 
“When Visa IPOed in March, the company reserved $3 billion of its jaw-dropping, record-breaking $19.7 billion public offer for what it called a litigation fund, and now we know why.” — Stephanie Grimmett by Stephanie Grimmett Baltimore – (TFN): It’s three months later, and we’re finally learning what all of that IPO money was for. When Visa [...]

Visa IPO Aftermath: Europe’s in trouble, but China’s buying

March 27, 2008 · Filed Under International Investing · Comments 
“The antitrust investigation is standard procedure, according to the commission. But when Mastercard went through the same standard procedure last year, the commission ruled that its exchange fee system was contrary to the EU’s antitrust rules.” — Stephanie Grimmett by Stephanie Grimmett Baltimore – (TFN): Maybe Visa already knew this was coming three years [...]