The credit crisis that has been haunting the stock market for months wasn't enough to scare investors away from the IPO of the world's largest credit card processor.
Overcoming the jitters that have battered many of the lenders that issue its cards, Visa Inc. sold 406 million shares at $44 (euro28.04) apiece late Tuesday to raise nearly $18 billion (euro11.5 billion) and complete the most lucrative initial public offering in U.S. history.
At the open of trade Wednesday, shares soared nearly 48 percent, or $21 (euro13.38), to $65 (euro41.42).
Shares sold well out of the range of $37 (euro23.58) to $42 (euro26.77) per share that Visa set three …
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