March 17th, 2008 by Jamie Estep
Visa IPO Tomorrow? Or maybe not…
Filed in: Industry News |
Visa’s IPO which was predicted to be going off tomorrow (Tuesday, March 18th), may be pushed back because of the Bear Stearns casualty.
According to The Disciplined Investor “Unless the lead underwriters – JP Morgan and Goldman Sachs – are completely deranged and masochistic, Tuesday is not going to be the best day to attempt to bring history’s largest IPO to market.”
Banks, especially JP Morgan have a lot riding on the success of this IPO, so it would be reasonable to assume that they will indeed push it back to a day that will be much less volatile than tomorrow is predicted to be.
