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MasterCard is expected to delay its IPO

MasterCard Inc, the world's second biggest credit-card association, will likely delay going public until the second quarter, the Wall Street Journal said on Thursday, citing people familiar with the matter.
/ Source: Reuters

MasterCard Inc, the world's second biggest credit-card association, will likely delay going public until the second quarter, the Wall Street Journal said on Thursday, citing people familiar with the matter.

MasterCard had planned to sell up to a 49 percent stake in an initial public offering during the current quarter that is estimated to value the company at about $8 billion, the newspaper reported Thursday.

The report did not give a reason for the delay. A MasterCard spokeswoman was not immediately available for comment.