Visa's planned initial public offering (IPO) for March this year is estimated to reach US$16-billion in proceeds. A consortium of banks, including JPMorgan, Goldman Sachs, Bank of America, Citigroup, HSBC, Merrill Lynch, UBS and Wachovia are handling this mega-buck IPO. Banks that issue Visa cards (JPMorgan is the largest with a 23% share of Visa) stand to share a US$10-billion windfall.
Nevertheless, the IPO is still short of becoming the world's greatest. China's biggest bank, Industrial & Commercial Bank of China (ICBC), which has raised US$19-billion in Oct. 2006 is currently holding the title.
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Today, I went to the beach with my children. I found
a sea shell and gave it to my 4 year old daughter and said "You can hear the ocean if you put this to your ear." She put the shell to her ear and screamed.
There was a hermit crab inside and it pinched her ear.
She never wants to go back! LoL I know this is completely off topic but
I had to tell someone!
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