In 2008, fintech company Visa Inc. (V) went public in a banking climate that was similar to today’s following the collapse of Bear Stearns. Its IPO raised $17.9 billion and was the largest sum of proceeds for a US IPO at the time.
Despite regulation, competition, and merchant lawsuits concerns, the company’s brand is well established, and it has a vast network of merchants and financial institutions that use its services. V has a market capitalization of $466.20 billion currently.
Let’s assess if buying the stock is finally paying off or not.
Digital payments are rapidly gaining popularity in the US and are expected to grow at a CAGR of 14.7%, leading to an estimated total transaction value of $3.53 trillion by 2027.
Shares of V have gained 24.7% over the past six months and 7.5% over the past three months, closing the last trading session at $221.81. The stock is trading above its 200-day moving average of $207.96.
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