Investing

Visa Files For IPO

Visa filed for its IPO after the close. The S-1 is here.

For the nine months ending June 30, 2007, revenue for Visa was $3.727 billion compared with $3.908 billion in the year before. Due to a share decrease in expenses, oprerating income rose to $1.243 billion from $704 million in the previous period. Operating income as a percent of revenue rose to 33.4% from 18%.

Douglas A. McIntyre

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