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Visa Unveils Plans to Restructure, Go Public

The new corporation will be owned by its members and then commence the IPO process on a major stock exchange, but the brand did not indicate which one. The transformation is expected to take between 12-18 months.

By David Morrison | Updated on October 17, 2006

The new corporation will be owned by its members and then commence the IPO process on a major stock exchange, but the brand did not indicate which one. The transformation is expected to take between 12-18 months.

The move has been approved by the boards of directors in each of Visa’s six regions and Visa International voted unanimously to approve it. It remains subject to the approval of members and regulators.

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