Rumors have been circulating around in the markets for a while regarding the Kuwait and Abu Dhabi sovereign fund’s were investing in the Visa IPO. The Kuwait Investment Authority has just announced that it as bought almost $800 million of shares in the initial public offering (IPO) for Visa. The KIA has purchased more than 18 million shares at $44 each. Shares of Visa were last trading at around $65.
Recent KIA investments:
- Merrill Lynch & Co. (part of $5 billion aid due to subprime)
- Citigroup Inc. (part of $5 billion aid due to subprime)
- Industrial and Commercial Bank of China ($720 million invested, biggest investor)
Nice writing. You are on my RSS reader now so I can read more from you down the road.
Allen Taylor