Visa's stock offering is moving down the track
— -- Q: How can I find out if and when Visa will sell stock to the public?
A: Visa probably can't help but have a little MasterCard envy.
Not surprisingly, back in October 2006, Visa announced it would reorganize itself in a way that would make an IPO possible. You can read about the plan here.
Visa took another step toward being a publicly traded company this year when it said Sept. 13 that it got approval from the Securities and Exchange Commission for its stock registration statement. Visa now needs to get approval from its members. You can read this development here. Given the amount of money that can be made from an IPO, the approval process probably won't take long.
My suggestion is to keep watching the IPO pipeline. Renaissance Capital, at www.ipohome.com, provides and excellent website for tracking companies that file for initial public offerings. Just check the page every couple of weeks and you'll find out when Visa files its prospectus for an IPO. You can also watch Visa's press release page or USATODAY.com, which will certainly cover the company's move toward its IPO.
Matt Krantz is a financial markets reporter at USA TODAY. He answers a different reader question every weekday in his Ask Matt column at money.usatoday.com. To submit a question, e-mail Matt at mkrantz@usatoday.com.
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