Quote:
Originally Posted by teomaxxx
yes, they have no exposure, but wait a moment. why they are doing IPO when financial sector is in huge recession?
from somewhere else:
"Visa is obviously anticipating a lot deeper recession than all the talking heads are projecting. Otherwise, Visa would wait until the 2nd half of the year when the "shallow" recession blows over and consumer spending ramps up again. There is no other explanation why Visa would be doing an IPO in what is clearly a horrible environment. "
Take the money and run, while numbers are still good.
this is the case.
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Google IPOed in the last week of August when all the traders are on vacation. Didnt hurt them, did it ?
Visa's IPO has been in the pipeline for well over a year.
As far as recession, well it only helps them. More people use credit cards for their purchases during recession i would think instead of cash.