Thursday, September 15, 2005

Mastercard - $2.45B IPO

MasterCard Inc. may raise up to $2.45 billion in an initial public offering of stock, according to a regulatory filing on Thursday.

Although no expected price range is included in the prospectus, the company expects to sell 61.5 million shares while underwriters have the option to purchase an additional 4.6 million share to cover over-allotments.


[Reuters]

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