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Credit card giant Visa plans public offering: Follows MasterCard.

The America's Intelligence Wire

| October 12, 2006 | COPYRIGHT 2003 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Financial Post)

Byline: AMIR SHAH

Visa, the world's largest credit card organization, plans to sell shares in an initial public offering after rival MasterCard Inc.'s stock surged 84% in the 4 1/2 months since its IPO.

Visa customers spent about three times more last year than holders of MasterCard, which has a market value of almost US$10-billion. Visa will combine all its businesses excluding Western Europe into Visa Inc. and sell a majority of the new company to the public, according to a statement yesterday.

Money raised in the IPO will fund the company's growth in a market that has become more competitive since a 2004 U.S. court…

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