Visa chases bigger credit limit 1 FIRST Edition
"People might argue that it's growing faster than MasterCard in terms of transactions," said Paul Bard, an analyst at Renaissance Capital. Investors "might look to pay a slight premium to MasterCard". The pricing of Visa's shares looks "very similar" to where...
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| Published in | Herald-Sun news-pictorial |
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| Main Author | |
| Format | Newspaper Article |
| Language | English |
| Published |
Melbourne, Vic
News Limited
27.02.2008
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| Online Access | Get full text |
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| Summary: | "People might argue that it's growing faster than MasterCard in terms of transactions," said Paul Bard, an analyst at Renaissance Capital. Investors "might look to pay a slight premium to MasterCard". The pricing of Visa's shares looks "very similar" to where MasterCard is trading, at about 27 times 2008 earnings, he said. At the high end of the projected range, Visa's transaction would be the world's second-biggest IPO, after the $US22 billion raised by Industrial & Commercial Bank of China in 2006. |
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| ISSN: | 1038-3433 |