Visanet SA, a Brazilian transaction processor minority-owned by Visa Inc. is expected to have 2009's largest initial public offering to date when its shares begin trading on June 29.

Investors were able to begin reserving shares in Visanet last week. The company expects to raise $2.9 billion to $3.7 billion through its IPO on the Brazilian Stock Exchange. It plans to sell 477.67 million common shares and might offer more if there is sufficient demand.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.