When CBOT (Chicago Board of Trade) was going public, I saw that the CME (Chicago Mercantile Exchange) had previously gone public around $35-40, and had climbed into the $300's.
So, I bought CBOT. It went public in the 40's and I got filled at $85. I follow my book's re-balancing system, so I didn't get discouraged by the volatility. I ended up selling some in the 120's, buying more at $96, and then taking profits in the $200's.
Then, CME bought CBOT. Now, I have CME stock around $490.
So, I hope that Visa (V) will now track the success of Mastercard, the way that CBOT tracked CME.
I heard a couple of weeks that VISA was going to do an IPO.
I missed it - they went public on Wednesday at $47. They got the stock symbol "V".
I found out over the weekend, so first thing this morning, I bought it at $65.
I think it's still a good price - Mastercard went public in 08/06, around $40, and is now trading at $223.
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