(NewsVisual, powered by IntellectSpace )-- Anticipation is building as Visa Inc prepares its record breaking Initial Public Offering (IPO).
Analysts are expecting that the credit card giant will generate nearly $19 billion for the approximately 447 million shares of its Class-A common stock. In an economy that is threatened by rising consumer debt and spending, the Visa IPO is ironically the deal that is giving banks and investors some hope of a turnaround.
Since rival Mastercard Inc (NYSE: MA) went through an IPO of its own two years ago, raising $2.4 billion, investors have been impatient for Visa to make a similar move. Those with much to gain from the deal include the big investment banks that have been feeling the squeeze thanks to the ongoing credit crisis.
NewsVisual created an IntellectSpace Knowledge Map of those banks that are participating in the IPO as Underwriters, and are set to make hefty returns from deal fees and existing company ownership.
Nearly 40 banks will be involved in the deal, as illustrated in this Knowledge Map, some of which include lead underwriters JPMorgan and Goldman Sachs, as well as Credit Suisse, UBS, Citigroup, Wells Fargo and Lehman Brothers.
As the offering is expected to reap in nearly twice as much as the $10.6 billion debut of AT&T Wireless, Visa will certainly need all the help it can get in producing a successful IPO, with credit-crunched banks coming from all directions to get in on the action.
