This week’s Marketplace Money Buzzword is brought to you by the letter “V” and the number 18,000,000,000.
V is the proposed stock ticker symbol for Visa. The credit card giant is expected to go public in late March.
It’ll be the largest American IPO ever, worth more than $18 billion dollars. Va-Va-Voom!
Rival Mastercard went public two years ago. Its stock is now worth five times more and Visa’s initial offering price is expected to vault even higher.
If it meets the Street’s expectations, that “V” could stand for victory — unless the market continues to plunge into the Void.
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.