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MasterCard's IPO should shed some financial light.

Publication: Business Travel News
Publication Date: 05-JUN-06
Format: Online
Delivery: Immediate Online Access

Article Excerpt
MasterCard International's transition to a public company isn't likely to have much of a direct effect on its corporate card programs, but it might play well into the card provider's aim of increasing its marketshare in the corporate realm.

Shares of MasterCard began trading May 25 on the New York Stock Exchange as the company offered more than 61 million shares of common stock. MasterCard will retain $650 million in proceeds from the sale, and the rest will redeem shares held by current...

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