Plans to Restructure Visa
Visa recently announced that it’s operations outside Europe would be consolidated into a global corporation.
A large proportion of it’s stock is to be offered to the general public.
Visa’s current status is as a private membership association owned by approximately 20,000 financial institutions globally.
The decision by Visa comes on the heels of a move by MasterCard to go public last May. Since MasterCard’s initial public offering, the company’s stock price has surged 84% in four and a half months.
The stock offer could come in 12 to 18 months with “The first phase of Visa’s restructuring will involve a series of mergers involving Visa USA, Visa Canada, and Visa International, resulting in a corporation owned by the members, while Visa Europe will remain a membership association owned and governed by its European member banks and become a licensee of Visa Inc.”
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