There were talks of $35 or $40, but let’s face it, we will probably be looking at at much higher starting price.

Visa plans to offer 406 million Class A shares with a price target between $37 and $42 / share which could value the IPO at approximately $16 billion. The offer is expected to take place next week on March 19th under the ticker symbol V

Credit card giant Visa, which was scheduled to price its mammoth IPO Wednesday night for trading Thursday, is moving the offering up to price Tuesday night for trading trade on Wednesday.

Four hundred and six million shares will be offered between $37-$42, all by the company (42 percent of the company is being sold). This should eventually translate into a nice windfall for JP Morgan (23.3 percent), Bank of America (owns 11.5 percent), Citigroup (5.5 percent), and Wells Fargo (5 percent), who are all shareholders. JP Morgan and Goldman are the lead managers.

http://www.cnbc.com/id/23695358. Thank you to all participants.