whos buying VISA tomorrow?
 

looks like its going to start above projected.

anyone jumping in as fast as they can?

I'm seriously considering it.

I don't know what sort of short term value it has considering the markets these days, but over the long run it has to be a better than average investment.


What is the attitude in the financial press so far?

I won't buy above the projected, but I'm gonna keep my eyes on it all day. Good luck to anyone who buys! :)

I am in for some IPO shares...

Can't wait!

i will be long...this will be interesting to see

where do I look ???

i am i am

LMAO you do realize that the people who got in with the IPO will simply be selling either shortly after opening (since they immediately have made a profit) or sometime that day when it looks like it has "peaked"

You will be watching it go up for a bit after opening just to drop below expected opening by the end of the day.

Don't believe me? bump this thread tomorrow

well they can't sell immediately, they have a date on when they can sell.
but i will still bump 2moro :upsidedow

you think its going to be at 70?

i say its around 55$

im dumping so much tomorow that i doubt ill have enough to pay for my visa bills

MASTERCARD - http://finance.google.com/finance?q=NYSE%3AMA

up almost 500% in 2 years since the ipo. I bought that at 50 and will pick up what I can on "V" as well.

am i the only one that bought The Bear Stearns at $3.19 the other day and sold at just under $8 today ... :)

Got my order ready and waiting to hit "Submit" at 5:30am PST lol

Good call, now thats a smart move. So many people are so scared off, even on good deals. The real bulls are coming out.

im in if its under 70.

Don't get fooled.

Hedge funds will toy you around tommorow.


I strongly suggest you guys take a look at TIM HORTONS ipo video on youtube.



I would wait 3 months before getting in on visa when things are calm and in order!



If large hedge fund decides to short tommorow ... they'll drive the prices down for retail investors to dump .. dump dump.. and then they'll pick up more shares!

I'm gonna try and grab 5000

might wait a few days though, im not sure. Hopefully my wire hits my brokerage account by morning, i slacked on it :(

Edit: could you guys post any links to where you are getting this information, ive done research, but more the better

NEW YORK (AFP) - Credit card giant Visa raised more than 17 billion dollars Tuesday in the largest share offering in US history, despite a growing financial crisis in the country.

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Visa Inc. sold 406,000,000 shares priced at 44 dollars each, raising nearly 17.9 billion dollars before it begins trading on the New York Stock Exchange on Wednesday under the ticker symbol "V," the San Francisco-based company said.

"Visa expects net proceeds from the offering, after deducting underwriting discounts and commissions and estimated offering expenses, to be approximately 17.3 billion dollars," the company said in a statement.

The price was higher than the expected 38 to 42 dollars a share, a sign of the strong demand for Visa's stock.

Visa's IPO easily broke the US record of 10.6 billion dollars set by AT&T Wireless in 2000.

But it is well short of the world's largest IPO, a 21.9-billion-dollar offering by Chinese bank ICBC, The Industrial and Commercial Bank of China, on Shanghai and Hong Kong markets in October 2006.

Underwriters of Visa's IPO have a 30-day option to purchase up to 40,600,000 additional shares, which would bring Visa an additional 1.7 billion dollars.

Visa, which is owned by a consortium of banks, has planned the offering since October 2006 when it spun off Visa Europe as a separate entity.

The IPO, led by JP Morgan Securities, counts Goldman Sachs, Banc of America Securities, Citibank, HSBC Securities (USA), Merrill Lynch, UBS Investment Bank and Wachovia Securities as joint bookrunners.

Visa, which touts itself as the world's largest electronic payment and credit card company, joins its rival MasterCard, which went public two years earlier.

But Visa's IPO appears headed into a financial market storm with investors battening down the hatches amid worries of a credit crunch that could hurt many firms, especially in the financial sector.

At the same time, a softening US economy could hurt Visa and other credit card firms, which rely on consumer spending to drive profits. With a housing crisis deepening, many consumers are having trouble paying their bills, including credit card debt.

The move comes at a time when IPOs are few and far between, especially in the financial sector.

Last June, private equity firm Blackstone Group raised 4.13 billion dollars in what was the biggest share offering on Wall Street in five years.

In November, MSCI, a unit of investment bank Morgan Stanley, raised 250 million dollars in an IPO. The financial analytics firm that provides data on indexes and risk for portfolio managers has managed to buck the trend and has risen 49 percent.

Virgin Mobile, a joint venture of Sprint Nextel and the Virgin Group of Britain, raised 375 million dollars last October but its shares are down more than 80 percent since the IPO.

"With concerns surrounding the slowdown in the economy, weakness in the financial sector, the skyrocketing price of oil, and the plummeting dollar, it's not surprising to find that the initial public offering market has pretty much dried up," said Jocelynn Drake, analyst at Schaeffer's Investment Research.

"Who would want to issue their shares in this market? Only a behemoth such as Visa."

Im not sure about buying visa I think they would like me to settle my VISA bill first :1orglaugh

what are you doing up so late?

<-:pimp:pimp

I'm not buying visa tomorrow but should be interesting to watch.

That was a good move btw buying BSC at 3 and selling a few hours later for 8...

shes a crack head!

everyone ready?

market sucks why bother

t-minus 45 minutes?

any one watching this?!?! its droppping like crazzzzy

Might be a decent medium or long hold, but trying to predict the short term on these things is kwazy.

:upsidedow

making money at 57 per share for 500

did u say bump???
http://news.yahoo.com/s/ap/20080319/...bi_ge/visa_ipo

I feel bad for those that didn't take my advice .. What I predicted has happened yet again!

Yep, I made a few bucks on this myself. :thumbsup

yep the market is almost a scam anymore.. You can still make good money, but it's far too easy for the big guys to screw over the smaller home investors.

no you're not.

I won't buy it and here are my reasons:
http://www.nothingcontroversial.com/...ead.php?t=5623

yes, you are, as the stock never traded anywhere near 8 today.

Other than that this was a good bed time story.

fuck, missed out on the start, thought it was months left, no cash available because the norwegian stock market is closed, fucking jesus days

its up 33&#37; from going ipo this morning, 20 billion $ was invested in V today..
guess there is some liquidity out there after all...

I passed on it.

The economy is still broken. This IPO fixes nothing.

Visa will be a good stock for the person that buys and holds for a
while. The stock may even tumble to $45 but
eventually it will go up up and up.