MasterCard to debut on NYSE

September 16, 2005 

MasterCard Inc, the world second-largest credit card issuer, said it can raise up to $2.45 billion issuing 61.5 million shares in an initial public offering on NYSE. The company is to offer outside investors 49% of its shares, covering 83% of voting rights. It is expected to trade on the market under the symbol "MA". 
Purchase, NY-based MasterCard is currently owned by some 1,400 banks that issue company-branded credit and debit cards, now 716 million worldwide, which makes the issuer second only to Visa. 
MasterCard earned $213.5 million on revenue of $1.4 billion in the first half of 2005. The company's strongest NYSE-traded rival, American Express, trades at $57.34 a share now.
MasterCard to debut on NYSE September 16 , 2005 MasterCard Inc , the world second - largest credit card issuer , said it can raise up to $ 2.45 billion issuing 61.5 million shares in an initial public offering on NYSE . The company is to offer outside investors 49 % of its shares , covering 83 % of voting rights . It is expected to trade on the market under the symbol " MA " . Purchase , NY - based MasterCard is currently owned by some 1,400 banks that issue company - branded credit and debit cards , now 716 million worldwide , which makes the issuer second only to Visa . MasterCard earned $ 213.5 million on revenue of $ 1.4 billion in the first half of 2005 . The company 's strongest NYSE - traded rival , American Express , trades at $ 57.34 a share now .
MasterCard
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NYSE
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MasterCard Inc
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the world second-largest credit card issuer
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61.5 million shares
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an initial public offering
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NYSE
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The company
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outside investors
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49%
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its shares
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83%
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voting rights
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the market
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the symbol
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MA
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Purchase
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NY-based MasterCard
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some 1,400 banks
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company-branded credit and debit cards
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the issuer
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Visa
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MasterCard
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revenue
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the first half of 2005
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The company's strongest NYSE-traded rival
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American Express
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NY
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