• By Jordan Golson
    Mar 19, 2008 4:00 PM 615
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    #bankofamerica

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    Visa drops $18 billion IPO, the largest ever

    Shares of San Francisco-based Visa jumped more than 30 percent today in the largest initial public offering in U.S. history. Visa issued 406 million shares at $44 each to raise almost $18 billion. More than half of the IPO take is going to its shareholder banks, which include Citigroup, Bank of America and JPMorgan Chase. Convenient: While the IPO has long been planned, the cash will come in handy right now. (Photo by AP/Richard Drew)


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