Visa Inc. priced shares for its initial public offering of stock at $44, above the expected price of $37 to $42, according to J.P. Morgan Chase & Co., one of the lead underwriters.
The credit-card giant plans to sell 406 million shares in what -- at $17.86 billion -- will be the largest IPO in U.S. history. Visa's stock is expected to debut today on the New York Stock Exchange under the symbol V.
If it floats its share overallotment of 40.6 million shares, the IPO could raise as much at $19.65 billion, well ahead of the $10.62 billion raised ...
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