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Shares of Brazil Visa affiliate soar

Shares of Brazil Visa affiliate soar

Shares of Visa Inc.'s Brazilian affiliate soared more than 13 percent in the country's biggest initial public offering.
VisaNet jumped 13.1 percent to 16.97 reals a share in early afternoon trading Monday. Its offering price was 15 reals.
Brazil's securities regulator said Friday that VisaNet raised $4.3 billion in selling 559.8 million shares.
The sharp demand for the shares is conveying confidence that consumer spending will revive as the global economic crisis cools.
VisaNet's full name is Cia. Brasileira de Meios de Pagamento.


Updated : 2021-02-26 23:46 GMT+08:00