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Visa Debuts Massive IPOPOSTED March 21, 2008 SAN FRANCISCO -- Employees at Visa have plenty of reason to be very happy this week. The company made its debut on the NY Stock Exchange in a long-anticipated Initial Public Offering, raising $17.3 billion. Shares in Visa were priced at $44 and ended its first day of trading Wednesday at $56.50. On Thursday, the stock went up over 13% to finish at $64.35. There was no trading on Friday as the stock markets were closed for Good Friday. The company's IPO is the largest in U.S. history. Six of the nation's largest banks have significant stakes in the company and made a mint from the huge offering. Visa Inc. operates the world's largest retail electronic payments network providing processing services and payment product platforms. This includes consumer credit, debit, prepaid and commercial payments, which are offered under the Visa, Visa Electron, Interlink and PLUS brands. Visa enjoys acceptance around the world and Visa/PLUS is one of the world's largest global ATM networks, offering cash access in local currency in more than 170 countries. There are more than 1.5 trillion Visa cards worldwide issued by over 16,600 financial institutions. More than $3.5 trillion in transactions were processed by
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