Mastercard, the world’s #2 credit card provider has announced that it plans on going public sometime early next year (possibly during the 1st quarter). Master Card plans to issue Class A common stock shares through its IPO to public investors. Shareholders will own approx. 49% of Mastercard’s equity and have 83% of its voting rights. Mastercard plans on keeping $650 million of the Initial Public Offering proceeds in order to fund a capital increase as well as defend the company in the legal area.

This entry was posted on Wednesday, August 31st, 2005 at 12:36 pm and is filed under Finance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.