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| Version 0 | Version 1 |
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| Visa for sale at record price-tag | Visa for sale at record price-tag |
| (about 1 hour later) | |
| The world's biggest credit-card network Visa plans to raise a record amount of money by issuing shares and listing on the New York Stock Exchange. | |
| Visa hopes to raise more than $18bn (£9bn) from the listing, which would make it the largest Initial Public Offering (IPO) ever in the US. | |
| The share offering would be the culmination of a restructuring process that began in October 2006. | The share offering would be the culmination of a restructuring process that began in October 2006. |
| It is currently owned by banks that issue cards carrying the Visa symbol. | |
| $10.2bn of the net proceeds from the listing will be paid to the banks who own the network. | |
| $3bn will be set aside to cover the costs of a variety of litigation that Visa is currently involved with. | $3bn will be set aside to cover the costs of a variety of litigation that Visa is currently involved with. |
| Illegally blocked | |
| That includes allegations of price-fixing from major retailers. | That includes allegations of price-fixing from major retailers. |
| Last year, American Express accepted a payment of about $2.1bn from Visa, after claiming it had been illegally blocked from the US bank-issued card business. | |
| In a filing with the Securities and Exchange Commission, Visa said it planned to sell 406 million Class A shares at a price between $37 and $42 per share. | |
| It might sell an additional 40.6 million shares if there is sufficient demand, which would boost the potential size of the offering to $18.8bn. |