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Visa IPO: First-day jitters and jumps
Weeeeeeeeeeee! — that would be the sound of Visa’s stock sliding from it’s opening high of $68 this morning to current levels around $58.
If you managed to grab Visa (V: NYSE) at its pricing last night, congratulations. You’ve already seen a 31% gain.
But if you’re like the rest of us shlubs and had to sit on the sidelines while Visa drew in a U.S. IPO record of $17.9 billion with a pricing of $44 per share ($2 above its original range of $37 – $42), I hope you were able to buy into the stock when it fell $10 from…
20Mar2008 | Stephanie Grimmett | Comments Off | Continued
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