On Tuesday, Visa Inc. (V) said that it has priced the initial public offering of 406 million shares of Class A common stock at $44 per share. Visa's shares will begin trading on March 19, 2008, on the New York Stock Exchange under the ticker symbol "V".The closing of the offering is scheduled to take place on March 25, 2008. Visa expects net proceeds from the offering, after deducting underwriting discounts and commissions and estimated offering expenses, to be approximately $17.3 billion. The underwriters have a 30-day option to purchase up to 40.60 million additional shares of Class A common stock to cover over- allotments, if any.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.