MasterCard to debut on NYSE
{{date|September 16, 2005}}

[[Image:Credit-cards.jpg|thumbnail|150px|right]]

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[[w:MasterCard|MasterCard]] Inc, the world second-largest [[w:Credit card|credit card]] issuer, said it can raise up to $2.45 billion issuing 61.5 million shares in an [[w:Initial public offering|initial public offering]] on [[w:NYSE|NYSE]]. The company is to offer outside investors 49% of its shares, covering 83% of voting rights. It is expected to trade on the market under the symbol "MA".

[[w:Purchase, NY|Purchase, NY]]-based MasterCard is currently owned by some 1,400 banks that issue company-branded credit and debit cards, now 716 million worldwide, which makes the issuer second only to [[w:Visa|Visa]].

MasterCard earned $213.5 million on revenue of $1.4 billion in the first half of 2005. The company's strongest NYSE-traded rival, [[w:American Express|American Express]], trades at $57.34 a share now.

== Sources ==
*{{source|url=http://today.reuters.com/investing/financeArticle.aspx?type=bondsNews&storyID=2005-09-15T154508Z_01_N1555929_RTRIDST_0_FINANCIAL-MASTERCARD-IPO-UPDATE-1.XML
|title=MasterCard files for $2.45 billion IPO
|author=
|pub=Reuters
|date=September 16, 2005}}
<!-- Hint: If you are citing BBC News, leave the author blank and put "BBC News" in the "pub" parameter. -->

*{{source|url=http://www.forbes.com/business/energy/feeds/ap/2005/09/15/ap2226784.html
|title=MasterCard Files 61.5 Million-Share IPO 
|author=
|pub=Forbes, AP
|date=September 16, 2005}}

*{{source|url=http://www.guardian.co.uk/business/story/0,3604,1571218,00.html
|title=Mastercard plans to raise $2.45bn in flotation
|author=David Teather
|pub=The Guardian
|date=September 16, 2005}}

*{{source|url=http://www.mastercardinternational.com/cgi-bin/newsroom.cgi?id=1095&category=all
|title=MasterCard Files Registration Statement for Initial Public Offering (MasterCard Press Release)
|author=
|pub=MasterCard, Inc.
|date=September 16, 2005}}

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MasterCard Inc, the world second-largest credit card issuer, said it can raise up to $2.45 billion issuing 61.5 million shares in an initial public offering on NYSE. The company is to offer outside investors 49% of its shares, covering 83% of voting rights. It is expected to trade on the market under the symbol "MA".

Purchase, NY-based MasterCard is currently owned by some 1,400 banks that issue company-branded credit and debit cards, now 716 million worldwide, which makes the issuer second only to Visa.

MasterCard earned $213.5 million on revenue of $1.4 billion in the first half of 2005. The company's strongest NYSE-traded rival, American Express, trades at $57.34 a share now.

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United States Economy and business