MasterCard is one of the best-known brands when it comes to credit and debit cards, and this financial services company has been on the market since the mid-1960s. Even though it has been on the market for almost 60 years, the company had its initial public offering in 2006.
Here, we are going to give you more information on the legal infrastructure of the MasterCard IPO and we will share some interesting facts about the things that happened then and how that is compared to now.
MasterCard IPO
This brand had its first IPO in May 2006. The original price of the stocks was planned to be $25 per share, but the company ended up selling almost 100 million shares for the price of 39 dollars each. Even though the expected price was at least 40 dollars per share, the people who were directly involved in this suggested that the price of almost 40 dollars per share is something they were joyful about.
On the day of the initial public offering, the brand made almost 2.5 billion dollars, and the total market capitalization was close to 5.5 billion dollars. Today, the market cap is close to 350 billion dollars, which makes it 65 times more than the original cap that was 16 years ago.
One of the people responsible for the success of this company is Charles Gregor, and he helped the Goldman IPO desk raise the funding for the initial public offering for MasterCard. Many people and companies worked together to make this megabrand what it is today, and the whole success didn’t happen overnight.
Legal infrastructure
Many people wonder how did this happen, and how did the company manage to grow so much in a relatively short time. The statistics have said that if people invested only 10 grand in 2006, today they would have almost 900 thousand dollars. That is a huge difference, and not many brands are able to say that they have made that big of success from themselves.
The way that this was done is consolidation with trusted merchants and banks to create foundations for today’s digital economy. With the advancements in technology, including e-banking and overall digitalization, the market cab of the brand and other businesses alike has only become bigger. On the same note, in the current market, there is not a lot of room for smaller brands that are just becoming public, and this has created a monopoly that benefits the company.
The success and the infrastructure are based on creating the best for the users, not only now, but also in the future, and the brand has become a leading company focused on competitive advancements. It has successfully grown and developed while keeping the customers satisfied and it has proven to be a business that is transparent, trustworthy, and reliable.
The prediction for MasterCard is that the brand is just going to continue to grow, and people who have invested in the initial public offering, and who also buy shares today are going to just continue making their fortune. The current price per share of the brand is just south of 400 dollars, and this number is continuously climbing, so, if you were looking for a stable brand to invest in, this is the one you should consider.
