Visa IPO

About Visa IPO

Visa went public on March 19, 2008, raising 17.9 billion, the largest US IPO at the time. This occurred during the financial crisis, but Visa was unaffected because it processed payments rather than extending credit. The IPO valued Visa at 42 billion. Visa stock has returned over 2,000 percent since the IPO. Visa processed 15 trillion in total payment volume in 2024. The company profits from the global shift from cash to cards. Visas network effects make it nearly impossible to compete with. The IPO was one of the few bright spots during the 2008 financial crisis.