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Wed Mar 19th 17:33 PM | Rating: 0 0
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Visa Already Twice MasterCard's Market Cap

Thanks barrel and Michael for clarifying the market cap calculation. In most (if not all) IPOs the companies don't sell anywhere near the total amount of shares outstanding. Consider the Google IPO in 2004. Google sold about 19.6M shares and raised about $1.67B in cash. The stock price went up to a slightly over $100/sh. Does this mean it had a market cap of only about $2B that day? Of course not. Google had about 271M shares outstanding at the time and the $100/sh gave it a market cap of approximately $27B at the close of that day.

Since barrell did his due diligence on the S-1 and got to 808 or 966M shares outstanding, are their estimates on net income and/or EPS for 2008? Based on these shares outstanding numbers, it seems that the PE ratio at this point is somewhere between 35-40 which is significantly higher than MA. I'm sure we'll see the official estimates on Yahoo and other sources soon enough.
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