Visa

So Visa went public Tuesday. The stock was offered to an elite few who could find a way to get it. (So not a few, there were hundreds of millions of shares sold.) Anyway, Visa (NYSE:V) was available to everyone yesterday. It opened at $59.50, hit a intraday high of $69 and a low of $55 and closed at $56.50. It amassed a volume of a staggering 177,121,500 shares and made over $19 billion for Visa. Today V's price flew even higher, opening at $58.40 and closed at $64.24. In after-hours trading it ended at $64.89. The stock price is up 7.96% from where the public could buy it and up 47.48% from the IPO pricing of $44 a share. (The price those lucky few could get it at on Tuesday.)
V is attracting so much attention for many reasons. Not only is it the largest revenue generating IPO in US History and second worldwide, but it follows the wildly successful IPO of Mastercard (MA) last year. MA debuted at $39 a share (IPO price) and closed today at $220.38, a cool 465% increase. Also Visa's business outlook looks pristine. Visa has a larger share of the market than Mastercard, and unlike competitors Discover (DFS) and American Express (AXP), Visa has no exposure to defaulting credit borrowers.
I think Visa is an incredible investment opportunity. Like GOOG and MA, V offers a huge opportunity to buy a company cheap that will probably never trade at current price again. However, there may be a better entry point for buying V. I'm waiting to jump all in until prices drop a little. My hope is that many who priced with the IPO or at lows on Wednesday will choose to sell soon, and take their 20%-40% gain. This will hopefully cause the price to depress a little, and I can jump in. I'm hoping for a price under $58. However, be wary. The demand could continue, and prices could continue to skyrocket. In this case, jumping in at a higher price might be necessary.