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SIVC is fully primed and ready to run.
Invest in JPM and you will not have to battle the big spike in V at tomorrow's IPO.
Reuters
Visa raises $17.9 billion in record IPO
Tuesday March 18, 8:12 pm ET
By Lilla Zuill
NEW YORK (Reuters) - Visa Inc (NYSE:V - News) burned its name into the record books for U.S. initial public offering on Tuesday, raising $17.9 billion as investors seized on its growth potential and lack of direct exposure to the global credit crisis.
San Francisco-based Visa, the world's largest credit card network, sold 406 million class A common stock for $44 per share, above the forecast range of $37 to $42.
Visa will begin trading on the New York Stock Exchange on Wednesday.
Anticipation for the IPO was high on hopes it will emulate the success of smaller rival MasterCard Inc (NYSE:MA - News), whose shares have more than quadrupled since its 2006 IPO.
The stock could jump as much as 10 percent in first-day trading on Wednesday, said Francis Gaskins, president of research firm IPOdesktop.com.
Visa's pricing and optimism about possible first-day gains were likely helped by Tuesday's rally, as U.S. stocks rang in their biggest one-day gains in more than five years.
Only days ago, U.S. stocks plunged on the near-collapse of Bear Stearns Cos Inc (NYSE:BSC - News).
MasterCard has done well despite the market slump, Gaskins pointed out. The stock rose 4.3 percent, or $8.73, to $210.25 on Tuesday, and gained almost 2 percent in aftermarket trading.
Both MasterCard and Visa are seen as good bets to avoid the market turmoil. Analysts say neither is directly exposed to rising defaults and late payments because it does not issue cards, unlike rivals such as American Express Co (NYSE:AXP - News).
"Visa is much bigger than MasterCard," said David Robertson, publisher of Nilson Report, an industry newsletter.
"The expectation is that by being freed from the constraints of being a not-for-profit member-owned association, it could become an even more formidable competitor to MasterCard," Robertson added.
Visa was priced at around 25 times earnings for the year ended Sept 30, adjusted for litigation reserves and other items, according to analysts' calculations. MasterCard trades at more than 35 times earnings for that period.
BANK PAYDAY
The Visa offering will give a much-needed boost to bank stakeholders, whose coffers have been raided by higher credit costs and losses from subprime mortgage bets.
Visa is using about $10.2 billion of proceeds to redeem shares held by its largest shareholders, including banks JP Morgan & Co (NYSE:JPM - News), Bank of America Corp (NYSE:BAC - News), National City Corp (NYSE:NCC - News) and Citigroup Inc (NYSE:C - News). (nN18476931)
Another $3 billion is being set aside to cover litigation costs, and the balance for general corporate purposes, according to filings.
The offering is the first bright spot for the 2008 U.S. IPO calendar. Only 44 deals have been priced year to date, a 49 percent slump from the same period last year.
Underwriters, led by JPMorgan and Goldman Sachs (NYSE:GS - News), have the option to purchase an additional 40.6 million shares to cover overallotments, according to filings.
Visa has disclosed it expected to pay underwriters fees of about $500 million.
By raising $17.9 billion, Visa surpasses AT&T's $10.6 billion IPO in 2000, which was the record. If overallotments are exercised, the IPO could become No. 2 worldwide after Industrial & Commercial Bank of China Ltd (Shanghai:601398.SS - News), which raised $22 billion in 2006, according to Reuters Data.
"(Visa) shows that the IPO market is not dead," IPO desktop's Gaskins said.
(Additional reporting by Jonathan Stempel, Phil Wahba and Dan Wilchins; editing by Jeffrey Benkoe)
The main products of Changzhou Haijie Metallurgical Machinery Manufacturing Co. include complete sets of metallurgical equipment and spare parts, electrical power equipment (including wind-driven generator boxes and large scale transformers), automotive parts, mechanical engineering parts, and large gearboxes.
I like what this company is doing.....wind driven generator boxes....good environmental applications.
It will be interesting to see what Jim Bickel has to say about this Mfg Co. while on his China trip.
I am loaded with SIVC shares, and glad I did not listen to Cramer..... Cramer says: “No! No! No! Bear Stearns is not in trouble. If anything, they’re more likely to be taken over. Don’t move your money from Bear.”
Some day down the road SIVC will have a 500 million $ market cap and will be the pick on FAST MONEY. ( Man-o-man!..I should archive this post ..LOL )
There is a calm and stability with this equity....Great time for anyone to buy in at these prices. A lot of solid DD going on here.
I just spent a short period of time looking at Bear Stearns (BSC) yahoo-finance message board.....mass hysteria over there, plenty of crying in your beer etc. This board is refreshing to say the least.
Looking forward to a SIVC (pr) next week.
Celebratory steak Sat. night w/news this week, taking us above .002+ close...Go SIVC.
Come-on Jimmy, Freddie and crew..$$$$$>
Power Connections Inc. will present Fred Jager, president and chief executive of Hunter Wise Financial Group, speaking about “How to Negotiate the M&A Process” at 6 p.m. Feb. 28 at McCormick & Schmick’s, 2000 Main St. in Irvine.
Cost is $3,5000,000. per seat....LMAO.
GREAT DAY!!!!!.....SIVC & ADTJ should "pop" anytime.
Not a great day for Gov. Elliott Spitzer...LOL.
BOARDMARKS at 107!
SIVC ... great $$$$$ opportunity!!!!!
I have been to McCormick & Schmicks Steakhouse...great restaurant. Is Fred Jager an advisor to Jim Bickel?
SIVC & ADTJ....loaded up on these two.
I believe SIVC is ready to "pop"....early next week.
Right now is a great buying opportunity.
We will be above .01 later this month.
SIVC is getting revenue/fees from MATECH for representation and introductions to businesses and the transportation dept. in China.
Matech is doing a nice job with 8.3M dollars in completed contracts with U.S. government.
This new networking translates into another stream of revenue growth for SIVC.
SIVC is a great $$$$$ opportunity.
I'm picking up another 600K from this mini shakeout.
SIVC is a great $$$$$ opportunity.
From one of the latest press releases:
"The financing commitment, which is expected to eliminate the need to use S3 stock as a funding resource, results in S3 being fully funded for 2008, and the company is implementing a strategy by which it will file audited financial reports for the last three fiscal years and apply for reinstatement to the Over-the-Counter Bulletin Board (OTCBB) market
SIVC is a great $$$$$ opportunity.
From one of the latest press releases:
"The financing commitment, which is expected to eliminate the need to use S3 stock as a funding resource, results in S3 being fully funded for 2008, and the company is implementing a strategy by which it will file audited financial reports for the last three fiscal years and apply for reinstatement to the Over-the-Counter Bulletin Board (OTCBB) market
SIVC is a great $$$$$ opportunity.
From one of the latest press releases:
"The financing commitment, which is expected to eliminate the need to use S3 stock as a funding resource, results in S3 being fully funded for 2008, and the company is implementing a strategy by which it will file audited financial reports for the last three fiscal years and apply for reinstatement to the Over-the-Counter Bulletin Board (OTCBB) market
S3 Investment Company announced the appointment of Matthew Totty to the position of director of research for its Redwood Capital subsidiary. In the director of research position, Mr. Totty will work with the S3 and Redwood Capital management teams on Redwood’s future investment banking deals. He will work with the company’s Chinese due diligence team to confirm financials and estimates and to create business plans, presentations and other relevant information. He will also provide assistance with the public company management and planning for S3. -Market Wire
Some Wall Street experience to move us along:
Mr. Totty has also been a contributing analyst to William O'Neil & Co.'s Institutional Research Department, publishers of Investor's Business Daily, Zacks Research and First Call's earnings estimates.
Let's hope Matthew Totty's experience and connections pay off nicely for SIVC investor/traders.
Looks like dilution is over in SIVC.
Also nice looking chart.
SIVC is a great $$$$$ opportunity.
Duke Coach K wins his # 800 game against N.C. STATE....Soon Coach K will be celebrating the NCAA National Championship; thanks to Greg Paulus, Demarcus Nelson,...3-pointer barrage.
Manny just hit a foul ball off of Steven King's forehead.
YOU know: "THE SHINING"...LMAO.
SIVC is looking really good.....coming off dilution; and some nice charts.
Check out SIVC...looking really good for upside run.
Nice charts....dilution is over.
OT: for a Sunday morning...An interesting read for anyone that trades.
RIGGED
by Ben Mezrich
This is the true story of an Ivy League kid who changed the world of oil, from Wall Street to Dubai.
After conquering the hallowed halls of Harvard Business School, he enters the testosterone-laced warrens of the Merc Exchange, the asylumlike oil exchange located in lower Manhattan. A place where billions of dollars trade hands every week, the Merc is like a casino on crack, where former garbagemen become millionaires overnight and where fistfights breakout on the trading floor.
SIVC Shareholders, This is a great read.....Recently, crude oil closed above $102. a barrel. It will amaze you how many of these 20 - 25 year old traders from Brooklyn are making millions daily.
I certainly learned a lot about the NYMEX, and the crazed mob of Brooklyn-born Italians and Jews that are the traders.
Nice I-BOX and also 100 Boardmarks!!!!!
I here what you are saying. I am new to this stock, and am looking for an explosive upside. I like the charts, and if dilution has ceased, I am comfortable with the shares I loaded up with over last 5 sessions.
SIVC may be a great $$$$$ opportunity for all of us.
News out by COPI....
Since the launch of TeleBlock,” says Garfinkel, “we haven’t had a single client violate Do-Not-Call laws.” And that’s business news to phone home about
That's good news...A/P has done some nice work over on some other I-HUB boards. It is exciting getting shares at these prices. Everyone here should enjoy staying the course. SIVC is a great $$$$$ opportunity.
This accomplished lady reminds me of Condelezza Rice...Sec./State.
Manhong (Mannie) Liu - Independent Director
Mannie Liu is the founder, chairman and chief economist of VCChina Ltd., whose operations include venture capital investment advisory services, venture capital investment, consulting services, and educational services. Under Ms. Liu's leadership, VCChina has become one of the leading companies in China's venture capital market.
Ms. Liu has a doctoral degree of economics from Cornell University. She served as research faculty of Harvard University from 1993 to 1997 and is currently professor and Ph.D. student mentor of Renmin University of China. She is also Financial Advisor to the Beijing Municipal Government, Director of Boston China Finance Research Center in the U.S., Director of the VC Research Center of Renmin University of China, and Honorary Vice Director of the VC Association of China.
Copyright 2007 S3 Investment Company, Inc. All Rig
Longs hanging on tight to every share....all in all a very good day.
Patience is in order...plenty of upside to come.
SIVC is a great $$$$$ opportunity.
Yes, Its up 90%+
I really like PHGI...$$$$$.
Excellent company...PHGI is a great $$$$$ opportunity.
Busting your chops Shane.....Your post was worth repeating...In time this will run like gangbusters.
I knew you WOULD open that moldy wallet...nice BUY..LOL.
Just wait for the BIG BIG players to start buying when conformation of who the 80 million dollar contract is with. That is when the fun begins. This is just a tip of the iceburg.
Finally you posted today.....About time you got out of bed and order up 500K of RVGD...lol.