barrelmaker

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    • Wed Mar 19th 15:09 PM | Rating: 0 0
      Commented on:
      Visa Already Twice MasterCard's Market Cap
      Market Cap = Share price X # of shares outstanding. The 406 Million shares sold in the IPO today is not 100% of V shares outstanding.

      If you review their S-1 filing, you will find that the total # of shares outstanding, including all classes of their stock is approx. 966 Million.

      Subsequently, assuming all of the planned conversions of class b and class c stock go off as described in their S-1, they will have 808 Million shares outstanding.

      Thus, their market cap equals:

      60 X (either 808 Mil. or 966 Mil.), which is somewhere between $48 Billion and $58 Billion.
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