Can Visa's IPO spark declining economy?

 
By Madlen Read
Published: February 26, 2008

NEW YORK — Stocks are shaky, credit is tight, the economy may be tipping into a recession. Not the best of times to be going to the markets for what could be the largest initial public offering in U.S. history.

That's the gamble Visa is taking as it gave details Monday about an IPO that could raise up to nearly $19 billion. If it works, it could be an encouraging sign to the stock markets and may even help loosen...


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