MasterCard delays $2.5bn float

MasterCard, the US credit card company, is reportedly set to delay its $2.45bn (€2.1bn) initial public offering. The company gave no reason for the delay and said it was "difficult to pinpoint a specific date for an IPO".

The Wall Street Journal reports that the company, which planned to launch the deal next month, will now postpone it until the second quarter of this year.

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