posted
whats going to be the symbol for mastercard-i heard they were coming out tomorrow
Posts: 155 | From: WEST TEXAS | Registered: Apr 2006
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posted
thanks alot i plan on loading up big but i read that the offer was between $35 - $40 but i could be wrong
Posts: 155 | From: WEST TEXAS | Registered: Apr 2006
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posted
Current offer is $39.84, give or take a few...
MasterCard Inc. said it plans to offer 61.5 million shares in an initial public offering that could raise up to $2.45 billion, according to a regulatory filing.
The valuation of the IPO was estimated solely for calculating the registration fee, the credit card issuer said in a Securities and Exchange Commission filing. Purchase, N.Y.-based MasterCard didn’t disclose a price range for the offering.
MasterCard said last month that it planned to go public as part of an effort to gain an edge on its rivals. It also laid out a corporate restructuring plan that would give its 1,400 member banks a 41% equity stake through non-voting Class B stock as well as Class M stock that would allow them to elect directors.
Under the terms of the IPO, MasterCard plans to use all but $650 million of the net proceeds to redeem Class B common stock from existing stockholders and for general corporate purposes. Investors that participate in the IPO will wind up with a combined 49% stake and 83% of the company’s voting rights. As part of the offering, the company plans to issue 13.5 million Class A shares to the MasterCard Foundation, a private charitable foundation.
During the six months ended June 30, MasterCard earned $213.5 million on revenue of $1.4 billion, compared with $139.3 million on revenue of $1.2 billion a year ago.
The company plans to list its shares on the New York Stock Exchange under the ticker "MA." Goldman, Sachs & Co. is the lead underwriter.
-------------------- I may be wrong, but I don't think so.... Posts: 837 | From: Madison, WI | Registered: Sep 2005
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posted
Why not charge the amount and your brokerage fee's to your mastercard. That would be perfect, figure out your percentage of ownership and ask them to drop your interest rates by that percent. Why not??
-------------------- If ignorance is bliss, why aren't more people happy? Posts: 2647 | From: MN | Registered: Feb 2006
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posted
Maybe if i buy enough i could get them to erase the whole bill, but i dont think i have enough money for that. Or i could charge about 50K shares on the card and not pay it.
Posts: 155 | From: WEST TEXAS | Registered: Apr 2006
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posted
I would like to point out another way to look at this IPO. Mastercard and Visa are getting sued, a crapload. Anti-trust stuff, etc. so this IPO could also be part of M/C's need to raise money for legal battles.
Whether or not that possbility matters is up to you, just putting the factoid out there for consideration. GLTA
Posts: 111 | Registered: Apr 2006
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posted
Mastercard has said that they are using part of this money for litigation. I don't know much about the lawsuit though. A class-action about the servicing fees or something...
Posts: 1053 | Registered: Mar 2006
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