Comments on: Visa IPO Enthusiasm http://www.stockgumshoe.com/2008/03/visa-ipo-enthusiasm.html Frustrated or intrigued by email teasers from investment newsletters and advisers? We solve them and track their performance here ... so stick around, participate and subscribe (it's free)! Sat, 21 Nov 2009 05:52:09 -0600 http://wordpress.org/?v=2.8.4 hourly 1 By: jacky http://www.stockgumshoe.com/2008/03/visa-ipo-enthusiasm.html/comment-page-1#comment-3089 jacky Sun, 18 May 2008 05:32:08 +0000 http://www.stockgumshoe.com/2008/03/visa-ipo-enthusiasm.html#comment-3089 take a look at FPX these days from Cooper. take a look at FPX these days from Cooper.

]]> By: Frankie http://www.stockgumshoe.com/2008/03/visa-ipo-enthusiasm.html/comment-page-1#comment-1836 Frankie Thu, 20 Mar 2008 02:19:21 +0000 http://www.stockgumshoe.com/2008/03/visa-ipo-enthusiasm.html#comment-1836 Went up to 69 today then came down to 56. Gumshoe, you're right, this one's going to be volatile, just like the rest of the market. But it does appear to have potential long term. I am concerned though about the remaining shares owned by the big banks as they sold around 3.5 Billion dollars for the IPO but still hold about 6 Billion dollars worth of shares which are subject to a Lock Up period so they can't sell just yet. But does anyone know when that lock up period expires? Banks like Citicorp could eventually dump a lot of stock if their financials don't improve and that could really drive Visa's price down in a hurry. Went up to 69 today then came down to 56. Gumshoe, you’re right, this one’s going to be volatile, just like the rest of the market. But it does appear to have potential long term. I am concerned though about the remaining shares owned by the big banks as they sold around 3.5 Billion dollars for the IPO but still hold about 6 Billion dollars worth of shares which are subject to a Lock Up period so they can’t sell just yet. But does anyone know when that lock up period expires? Banks like Citicorp could eventually dump a lot of stock if their financials don’t improve and that could really drive Visa’s price down in a hurry.

]]> By: StockGumshoe http://www.stockgumshoe.com/2008/03/visa-ipo-enthusiasm.html/comment-page-1#comment-1831 StockGumshoe Wed, 19 Mar 2008 14:19:00 +0000 http://www.stockgumshoe.com/2008/03/visa-ipo-enthusiasm.html#comment-1831 Well, that enthusiasm sure held through for the day today. Folks are ecstatic to have any kind of positive story to cover, and investors are over the moon about a stock that's got massive buying interest. Congratulations to those who did get in on an initial allocation at $44, you've got a nice paper profit already with the price still above $60 this morning. And Mastercard's going up, too, so clearly there's a lot of enthusiasm for this small, two company sector of electronic payments networks that don't hold consumer debt. I'll be curious to see where this one stands in a few weeks. Well, that enthusiasm sure held through for the day today. Folks are ecstatic to have any kind of positive story to cover, and investors are over the moon about a stock that’s got massive buying interest. Congratulations to those who did get in on an initial allocation at $44, you’ve got a nice paper profit already with the price still above $60 this morning. And Mastercard’s going up, too, so clearly there’s a lot of enthusiasm for this small, two company sector of electronic payments networks that don’t hold consumer debt. I’ll be curious to see where this one stands in a few weeks.

]]> By: Loren http://www.stockgumshoe.com/2008/03/visa-ipo-enthusiasm.html/comment-page-1#comment-1829 Loren Wed, 19 Mar 2008 09:02:31 +0000 http://www.stockgumshoe.com/2008/03/visa-ipo-enthusiasm.html#comment-1829 Mike,,,,,,,, I am not sure what you believe you did, but we must assume you put in a limit order @44.00,( Or you think you got allocated shares for tomorrow). Better check back in the morning to see the trading prices for V. Here is the Headline on the IPO Offering: Visa IPO Charges Ahead, Raising $17.9B By MICHAEL LIEDTKE,AP Posted: 2008-03-19 01:56:35 SAN FRANCISCO (AP) - The credit crisis that has been haunting the stock market for months wasn't enough to scare investors away from the IPO of the world's largest credit card processor. Overcoming the jitters that have battered many of the lenders that issue its cards, Visa Inc. sold 406 million shares at $44 apiece late Tuesday to raise nearly $18 billion and complete the most lucrative initial public offering in U.S. history. The price topped the range of $37 to $42 per share that Visa set three weeks ago, reflecting high demand to own a piece of a company that's promising earnings growth of 20 percent despite a credit crunch that's choking the U.S. economy. "This shows that all the recent financial turmoil obviously hasn't bothered a lot of people," said Nicholas Einhorn, an IPO analyst for Renaissance Capital of Greenwich, Conn. Investment bankers could still exercise an option to buy another 40.6 million Visa shares during the next 30 days. If that happens, Visa's IPO will end up raising $19.7 billion before expenses. Visa faces another litmus test Wednesday when its shares are scheduled to begin trading on the New York Stock Exchagnge under the "V" ticker symbol. The San Francisco-based company will make its debut with a market value of about $36 billion. Based on the strong demand among money managers who wanted a piece of the IPO, Einhorn anticipates Visa shares will quickly soar above $50. Mike,,,,,,,,
I am not sure what you believe you did, but we must assume you put in a limit order @44.00,( Or you think you got allocated shares for tomorrow). Better check back in the morning to see the trading prices for V. Here is the Headline on the IPO Offering:
Visa IPO Charges Ahead, Raising $17.9B
By MICHAEL LIEDTKE,AP
Posted: 2008-03-19 01:56:35
SAN FRANCISCO (AP) – The credit crisis that has been haunting the stock market for months wasn’t enough to scare investors away from the IPO of the world’s largest credit card processor.

Overcoming the jitters that have battered many of the lenders that issue its cards, Visa Inc. sold 406 million shares at $44 apiece late Tuesday to raise nearly $18 billion and complete the most lucrative initial public offering in U.S. history.

The price topped the range of $37 to $42 per share that Visa set three weeks ago, reflecting high demand to own a piece of a company that’s promising earnings growth of 20 percent despite a credit crunch that’s choking the U.S. economy.

“This shows that all the recent financial turmoil obviously hasn’t bothered a lot of people,” said Nicholas Einhorn, an IPO analyst for Renaissance Capital of Greenwich, Conn.

Investment bankers could still exercise an option to buy another 40.6 million Visa shares during the next 30 days. If that happens, Visa’s IPO will end up raising $19.7 billion before expenses.

Visa faces another litmus test Wednesday when its shares are scheduled to begin trading on the New York Stock Exchagnge under the “V” ticker symbol. The San Francisco-based company will make its debut with a market value of about $36 billion.

Based on the strong demand among money managers who wanted a piece of the IPO, Einhorn anticipates Visa shares will quickly soar above $50.

]]> By: Mike Brady http://www.stockgumshoe.com/2008/03/visa-ipo-enthusiasm.html/comment-page-1#comment-1828 Mike Brady Wed, 19 Mar 2008 07:11:37 +0000 http://www.stockgumshoe.com/2008/03/visa-ipo-enthusiasm.html#comment-1828 Heck, it can't be THAT hard to get shares at the IPO price... I just filled my order at $44.00 and left over 100k shares on the table unexercised. It will be good to have my residuals available to others to buy. Good luck, everyone! Heck, it can’t be THAT hard to get shares at the IPO price… I just filled my order at $44.00 and left over 100k shares on the table unexercised. It will be good to have my residuals available to others to buy.

Good luck, everyone!

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