November 11, 2007	Sunday	Shawwal 29, 1428

NEW YORK, Nov 10: Visa Inc, the world’s largest credit card network, filed with regulators on Friday to raise up to $10 billion in an initial public offering, in one of the largest and most eagerly awaited US stock offerings.

Visa announced the offering two days after agreeing to pay $2.1 billion to settle a three-year-old antitrust lawsuit with rival American Express Co.

The card network did not reveal in its registration statement filed with the US Securities and Exchange Commission when it plans to go public, how many shares it plans to offer, or the expected share price.

San Francisco-based Visa outlined plans in October 2006 to float a majority of the network, which is now owned by its 13,400 member banks, and at the time said it hoped to go public within 12 to 18 months.—Reuters