"Visa expects net proceeds from the offering, after deducting underwriting discounts and commissions and estimated offering expenses, to be approximately 17.3 billion dollars," the company said in a statement.
The price was higher than the expected 38 to 42 dollars a share, a sign of the strong demand for Visa's stock.
Visa's IPO easily broke the US record of 10.6 billion dollars set by AT&T Wireless in 2000.
But it is well short of the world's largest IPO, a 21.9-billion-dollar offering by Chinese bank ICBC, The Industrial and Commercial Bank of China, on Shanghai and Hong Kong markets in October 2006.
Underwriters of Visa's IPO have a 30-day option to purchase up to 40,600,000 additional shares, which would bring Visa an additional 1.7 billion dolla