Visa files papers for initial public offering; sets target of raising $10 billion
SAN FRANCISCO (AP) - Visa Inc. hopes to cash in on its massive credit and debit card network by raising up to $10 billion in what would be the second largest initial public offering of stock in U.S. history.
The San Francisco-based company disclosed its target amount late Friday in documents it filed with the Securities and Exchange Commission , a significant step in a hotly anticipated IPO expected to take place ...
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