Prime Rate Credit

Wow, I read this and thought I must be behind on the times, because I thought such a huge conglomerate like Visa would have already gone public and offered it’s IPO (initial public offering of public stock) to the public so that it can become an internationally traded company on the stock exchange.

But alas, wonders never cease and the enormous credit card company who offers everything from great balance transfer credit cards, some of the best airline miles credit cards and prepaid credit cards through various bank channels, has not yet gone public and is now preparing to. They’ve filed with the governing arm of stock and securities for how they plan to reorganize and are making the announcement as soon as all is ok with the filing as far as I understand.

So, why now has the company decided to go public? They would like to offer the stock publicly in order to raise funds to promote higher tech payment methods and new innovations in the credit card world, and of course to be better able to compete with the other credit card giant, MasterCard.

I guess when MasterCard went public and offered the stock initially, just a short while ago, the shares more than quadrupled, so Visa is hoping to have the same response from it’s potential investors. I have one question, how do I get in on the IPO? Hmm….this may be my first research project - but I have a feeling this IPO may only be offered to a select few! I’ll keep you posted if I’m able to find anything else out on this intriguing development with Visa Credit cards!