Davis Polk advised Visa Inc. and Visa Foundation in connection with an SEC-registered secondary offering of 2,199,780 shares of Class A common stock by Visa Foundation, as selling stockholder, for aggregate net proceeds of $209 million. The Class A common stock is listed on the NYSE under the symbol “V.”
Visa is a global payments technology company that connects consumers, merchants, financial institutions, businesses, strategic partners and government entities in more than 200 countries and territories to fast, secure and reliable electronic payments.
The Davis Polk corporate team included partners Joseph A. Hall and Byron B. Rooney and associates Milson C. Yu, Jaryn S. Fields and Rahim Manji. Partner Lucy W. Farr and associate Dao Fu provided tax advice. Partner Gregory S. Rowland and associate Brantley Hawkins provided Investment Company Act of 1940 advice. All members of the Davis Polk team are based in the New York office.