Member-owned corporate structure
The prospectus describes the corporate and membership structure that preceded the public offering.
Payments · MA
Mastercard
Mastercard’s member-bank ownership preceded its 2006 IPO. The public Class A offer gives a documented starting point without treating membership stakes as venture rounds.
01 / YOUR SCENARIO
Choose your starting point.
Starting price: $39 · IPO · 2006-05-25
10 MA share equivalents per starting share at your ending date.
Uses documented share adjustments through 2014-01-22. Assumes the share basis remains comparable after that date; other distributions are excluded.
IPO OFFER PRICE → YOUR PRICE
MastercardMA · IPO offer price · $39
What would those shares be worth?
Your starting price is ready. Add an ending share price, then select Calculate.
Starts at the public offering, not a private funding round. Uses the original offer price and the share adjustments documented below.
Formula: amount ÷ $39 × 10 × MA ending price.
Mastercard final 2006 IPO prospectus ↗Mastercard IPO pricing announcement ↗Mastercard split FAQ ↗Illustrative paper value; no sale or access to a historical investment is assumed. Excludes fees, taxes, cash dividends, warrants and other distributions; fractional shares assumed. An entered ending price is unverified.
THE STORY & THE EVIDENCE
Mastercard: before the public market.
Mastercard’s member-bank ownership preceded its 2006 IPO. The public Class A offer gives a documented starting point without treating membership stakes as venture rounds.
IPO3 sourced milestones1 documented share scenarios
- Pre-IPO reorganization
- IPO
Public Class A shares
$39
61,520,912 shares in the base offering were priced at $39. The offering also changed the ownership structure of the network.
- Share basis
Ten-for-one split
Each IPO-basis Class A share becomes ten shares for split-adjusted trading.
What the records do not establish
- Pre-IPO member-bank interests are not interchangeable with listed Class A common stock. No private cash subscription price is inferred.
- IPO proceeds included restructuring and redemption uses. They do not all represent new operating capital.
Research reviewed 2026-09-24. Selected public records, not a complete private cap table. An undisclosed price is left unknown.
Open this company’s sourced data (JSON) ↗
Source documents & filing locations
Mastercard final 2006 IPO prospectus ↗
Cover; reorganization; member-bank share redemption and offering structure.
Mastercard IPO pricing announcement ↗
May 24, 2006 pricing release: $39 and May 25 trading.
Mastercard split FAQ ↗
January 22, 2014 ex-split date; ten-for-one ratio.