CALDEIRÃO DE BOLSA

In CNBC
Visa shares jumped as much as 38 percent in the world's largest credit card network's market debut on Wednesday.

Acredito que venham por ai uns solovancos, especialmente se alguns bancos aflitos de cash comecarem a vender as accoes que ainda tem, mas a medio/longo prazo parece-me muitissimo interessante.

O negocio sao apenas as comissoes e nao o credito e quanto maior for a crise, maior o uso do cartao de credito para as pequenas compras do dia-a-dia.
Depois ainda existem todos os BRIC's que ainda nao tem acesso a cartao de credito hoje e dos quais 68% irao directo para a VISA (MS da VISA global e de 68%).

So tenho pena de ter recebido apenas 1/5 das acoes que pedi, mas enfim outros oportunidades irao aparecer.

Abraco

mnfv,

Isso é geral. Nem tu tens acesso a IPOs estrangeiros nem os estrangeiros conseguem aceder aos nossos IPOs, a não ser que entres por uma linha não-retalho (alguns private bankings pedem acções em seu nome para depois distribuir pelos clientes interessados, por exemplo).

Normalmente, os IPOs são destinados apenas a residentes, devido às regras desses IPOs (x acções por entidade fiscal, rateio em função da procura,...).

Agora, o que eles não devem negar é a colocação do título logo que o mesmo seja disponibilizado para negociação.
No entanto, existem alguns condicionantes técnicos que atrasam essa disponibilização. Acredita: se eles não o fazem (e rápido) é porque não podem. Assim, o cliente não negoceia e eles não ganham nada...

Fibo

«Estimado Cliente ,

Em resposta à sua mensagem vimos por este meio prestar os seguintes esclarecimentos:
No que se refere à participação no IPO da VISA, cumpre-nos informar o Banco Best não tem a possibilidade de aceder a IPO Estrangeiros, pelo que não será possível participar na referida operação através do Banco Best.»

Pato, decerto que não é por falta de vontade, já que o que qualquer corretora deseja é que os seus clientes negoceiem... É disso que vivem.

Um abraço,
Ulisses

VISA SHARES RISE TO $60 FROM $44 INITIAL OFFERING PRICE

É o costume, só vão disponibilizar a negociação da VISA quando esta tiver subido 100% após a IPO, para ver se o DumbMoney entra...

Quack

Eu mandei um email ´há semanas no BEST e não obtive resposta.

Caros amigos
Mais dados para melhor decidir. Preço fixado a $44.
A minha opinião é que a acção vai disparar no primeiro dia e que, à partida, vou entrar no papel.

VISA
It is now fifty years since Visa’s origins as a Bank of America credit card unit, and it hopes to celebrate with the largest IPO in U.S. history. The long-anticipated deal, slated for mid-March, is expected to raise between $15 and $19 billion, easily beating the previous record held by AT&T Wireless’s $11 billion offering in 2000. As the world’s #1 brand in credit and debit cards, with its 16,600 financial institution customers having issued over 1.5 billion cards, the company hopes to use the recent reorganization and the IPO as a way to streamline global strategy and drive margin expansion. The deal is being underwritten by a team of 41 banks led by JPMorgan and Goldman Sachs, and if it proves successful, it may be a welcome spark that can help revive the recently soft IPO market. The stock will trade under the ticker “V” on the NYSE.

Life takes Visa, Visa takes fees

Visa does not itself issue credit or debit cards and does not take on consumer credit risk. Rather, banks like JPMorgan Chase and Bank of America issue its cards and it receives fees for its role in processing everyday transactions. Visa generates revenue both based on the number of transactions it processes and the dollar amount of purchases made on its credit and debit cards. Thus, although it is dependent on the level of consumer spending, it is not directly exposed to credit risk.

Paper or plastic?

Visa benefits from consumers’ continuing shift away from paper-based payment (cash and check) to electronic payment, predominantly credit and debit. Credit and debit have increased from 13% of payment volume in 2001 to 27% in 2006, and the company expects this trend to continue, especially as consumers have begun to use cards for everyday purchases such as gas and groceries in addition to larger-ticket items. Visa also benefits from international growth, especially in emerging markets such as Asia and Latin America, both because of the general increase in consumer spending in these regions and because of the relative infancy of credit and debit cards. With its 59% share of the global retail electronic payments market, Visa is well positioned to profit from these trends.

Same brand, new look

Until late last year, Visa consisted of several regional companies, each owned by its financial institution customers. As part of a mass reorganization, in October it combined these companies into one global entity (although its European operations remain independent because of regulation issues), which it believes will help it streamline its operations, focus on global strategy, and drive margin expansion through efficiencies of scale. The IPO will put 52% of the company’s shares in the hands of the public, marking a decisive move away from being customer-owned.

Legal paperwork

The credit card industry is a highly litigious one, and Visa currently faces tens of billions of dollars in claims. While the company has been structured so that the existing shareholders of the company bear all of the risk related to the major antitrust suit, thus protecting investors who buy on the IPO, there are several other potentially material lawsuits pending, that public shareholders are not protected from. Related to the litigation issue is the fact that changes in regulation could hurt Visa’s business. Other key risks to the Visa story are that Visa’s top five customers are 22% of revenue and that most of its customer relationships are non-exclusive, meaning its customers can also issue cards bearing MasterCard, American Express, or Discover brands. Finally, it faces the possibility of a recession severely hitting consumer spending, which would take a toll on its financial results.

Outlook

Visa appears to be coming to market at a sizeable discount to MasterCard based on forward P/E, which may be because the banks that are receiving most of the proceeds are strapped for cash and are pricing the deal to sell. MasterCard’s has shot up almost 400% since its May 2006 IPO, and its performance has certainly generated investor excitement about the Visa IPO. Although general market conditions have been weak since the beginning of the year amid fears of recession, and the IPO market in particular has been soft, and although the sheer size of the deal could limit a dramatic first day pop, Visa’s brand name status and attractive valuation should support a successful debut.

Bom dia,

Alguém confirma que a Bigonline não vai disponibilizar negociações sobre a entrada no mercado(pertencente á plataforma Nyse Euronext :evil: )da VISA (V)?

Quack

É como diz o maverick.

Visa e Mastercard cobram uma taxa fixa por cada transacção, os bancos emissores dos cartões é que cobram a taxa de juro e assumem o risco do crédito.

Quanto mais o people usar cartões melhor para V e MA, se depois pagam ou não já não os afecta.

Com a Amex é diferente, eles é que concedem o crédito e portanto é vulnerável em caso de default.

Ooops!!! Não sabia , obrigado pelo esclarecimento!! Assim já parece muito menos arriscado!!

A Visa presta serviços aos bancos, não tem negócio de crédito... portanto a única coisa que dependem é do consumo.

Ninguém tem medo que a crise do subprime se possa arrastar para os cartões de crédito? É que pode haver muita gente nos EUA a viver acima das posses fazendo uso do cartão de crédito. Se isso aconteceu com empréstimos porque não estará também a acontecer com outras formas de crédito? Será assim tão improvável vir a assistir a um espalhar da crise para os cartões de crédito?!

Quanto a mim esta IPO aparece numa altura de recessão precisamente porque é *antes* de virem os podre ao de cima!!

maverick Escreveu:Oh Atomez como entraste na IPO?

Dá jeito ter amigos nos states... com o € a valer $1.6 então é ainda melhor... no verão lá vou esbanjá-los na californication

Oh Atomez como entraste na IPO?

É claro que toda a gente e as mães deles estão à espera que repita a performance da Mastercard...

400% em menos de 2 anos é bom em qualquer parte do mundo!

Sou um novato na bolsa e não percebo nada disto, mas a mim parece-me que este IPO foi orquestrado minuciosamente para aparecer no melhor dia destes últimos meses. Vai ajudar a encher os cofres a muitos bancos que precisam do dinheiro urgentemente. Sinceramente não pegava nisto nem por nada!! Parece-me vendida a um valor fortemente manipulado e de evolução extremamente incerta. Mas pronto, eu sou aquele tipo que pensou comprar agora acções da Bear Sterns (depois da queda) Só pensamentos atrozes!!!

Uma entrada em grande!

Logo no dia de maior subida nos últimos 5 anos... coincidência?

Visa IPO prices at record $17.9B

NEW YORK (Fortune) -- Visa buyers paid a whopping $17.9 billion, or $44 a share, when the company priced its initial public offering Tuesday evening.

The number punctuated a Wall Street comeback that included another Federal Reserve rate cut, surprisingly strong earnings results from Goldman Sachs and Lehman Brothers, and a 420-point spike in the Dow, its largest one-day point gain in five years.

The San Francisco-based credit card processor became the largest IPO ever, surpassing the $11 billion record held by AT&T (T, Fortune 500) wireless as well as its own $37 to $42 a share price range.

I'm in.

É natural que nos próximos dias retraia um pouco mas depois é que é a sério.

Enter Visa, which will is slated to trade Wednesday (19/3) on the New York Stock Exchange under the ticker V.

Em que índice vai entrar o visa é no dow?

Eu estou dentro, via UBS.
Vamos ver o que ai vem em termos de retorno.
A procura parece estar muito alta, apesar de toda a confusao desta semana.

Visa Inc.'s $16 bln IPO oversubscribed, analyst says

NEW YORK (MarketWatch) -- Visa Inc.'s
V,blockbuster initial public offering is currently oversubscribed for its expected trading debut on March 20, IPO analyst Scott Sweet of IPO Boutique said. Sweet said the IPO is drawing "extreme demand." The San Francisco-based credit card giant plans to offer 406 million shares at $37-$42 in a bid to raise about $15.8 billion based on the midpoint of its range
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Outro artigo interessante.
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Have Expectations Gotten Too Frothy for the Visa IPO?
Expectations build for Visa ahead of its initial public offering
by Jocelynn Drake (jdrake@sir-inc.com) 3/14/2008 2:35 PM

Keywords: V MA GOOG BX stocks

With concerns surrounding the slowdown in the economy, weakness in the financial sector, the skyrocketing price of oil, and the plummeting dollar, it's not surprising to find that the initial public offering (IPO) market has pretty much dried up. Who would want to issue their shares in this market? Only a behemoth such as Visa (V).

We've been hearing murmurs of the company's IPO for a couple of months now, but as the official first day of trading draws close, the murmur has grown to a near-deafening roar. Are investors and analysts getting too excited about this stock? Or are they just happy to have something positive to talk about besides gold topping the $1,000 mark and another hedge-fund blow-up?


Visa plans to offer 406 million shares at $37-$42 per share in an effort to raise approximately $15.8 billion, based on the midpoint of its range. Even if the stock prices at the low end of the estimated range, the IPO would surpass the $10.6 billion AT&T Wireless raised in 2000 when it went public. At the moment, the record for the largest IPO goes to AT&T Wireless, while the second-place spot goes to Kraft Foods (KFT), when it raised $8.7 billion in 2001.

Furthermore, if there is enough demand for Visa stock, underwriters will have the option to buy an extra 40.6 million shares. And it looks like there may be.

On Thursday, news hit the Street that Visa's IPO was currently oversubscribed for its expected trading debut on March 20. IPO analyst Scott Sweet of IPO Boutique said the IPO is drawing "extreme demand."

Visa Details

Similar to its rival MasterCard (MA: sentiment, chart, options), Visa is a card processor and is not responsible for any of the debt. That burden belongs to the issuing banks. The company draws its revenue from fees from the banks issuing its cards and the merchants accepting them.

By market share, Visa is the largest credit card company in the U.S. In 2006, the firm processed 44 billion transactions totaling roughly $3.2 trillion. Furthermore, the latest Nilson Report on card companies revealed that Visa had 44% of the U.S. market share in cards in 2006 and 48% of the U.S. market share in debit cards.

Following in MasterCard's Footsteps?

Hopes are currently running high that Visa will easily follow in the footsteps of its rival, MasterCard (MA). The security released its IPO in May 2006. After spending the first few months struggling with resistance in the 50 area, the shares of MA finally conquered this level in mid-August 2006. Since then, the stock has skyrocketed, soaring to an all-time high of $227.18 in December 2007 – an amazing gain of 468%. The equity has retreated roughly 8.5% from its December high, but is currently holding the support of its 32-week moving average.

The Danger of High Hopes

After seeing the technical performance of MA and the fundamentals backing up Visa, it's hard not to get excited about the company - and you wouldn't be alone. At the end of February, Morningstar set its price target for the shares at $65 per share. However, on March 7, the group bumped up the figure to $74 per share. The firm stated that it upwardly revised their price target "after spending more time crunching the numbers." Keep in mind that, even if the stock prices at the high end of its range at $42, that price target represents a 76% rally in the shares.

Este artigo continua na versao online .
Abraco
Expat

Pois... foi o que me disseram nos balcões da CGD.



Resposta que me deram na LJ Carregosa:

Depois de verificar a disponibilidade de ter a negociação da VISA pós IPO junto algumas considerações adicionais.

O instrumento para já foi rejeitado para negociação em CFD’s dado o momento actual não o favorecer em termos de liquidez e risco. Contudo a negociação em acções deverá existir para o primeiro dia de emissão a 20 de Março, ou pela plataforma online ou por telefone.



Parece que somos tão poucos interessados neste mega IPO... queria ter acesso a esta menina

maverick Escreveu:Desenvolvimentos?

Sei que entra no mercado dia 20... alguem chegou a entrar? E como?

resposta dada hoje:

Estimado Cliente

Para já ainda não temos informação acerca do IPO da VISA. Esteja atento à informação que vai aparecendo na página inicial do Caixadirecta Invest.

Melhores cumprimentos,
Caixadirecta Invest

Desenvolvimentos?

Sei que entra no mercado dia 20... alguem chegou a entrar? E como?

resposta do caixa BI:

Texto
cliente

IPO VISA.

Bom dia.

Gostaria de saber se existe a possibilidade de concorrer ao IPO da VISA.

atentamente


Resposta

Estimado Cliente

O seu pedido foi registado. Em breve irá ser informado pelos nossos serviços.

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Caixadirecta Invest