NEW YORK – MasterCard Inc., formerly MasterCard International, will probably make roughly $2.8 billion from an initial public offering of stock that is planned for later this year, analysts said on May 3 when the card brand filed details of its offering with the Securities and Exchange Commission.
The terms of the IPO indicate that, depending on how it works out, the financial institutions that currently own MasterCard will retain between a 41% and 44% stake in the company.
The company did not set a date for the offering, but did reveal that the proposed symbol for card brand would be MA. The company also said it would set aside a 10% stake in the offering to form a charity, the MasterCard Foundation.
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