Of all the initial public offerings coming to market next year, Visa’s is the most hotly anticipated. The credit card giant is expected to raise $10 Billion dollars, which would make it the largest IPO in US history.

The timing of the offering isn’t known, but most IPO experts think it will come early in the year, when the stock market is typically strong.

They predict the Visa IPO will do well, because shares of its top rival Mastercard have been strong. Mastercard went public at $39 under the ticker (MA) on May 24, 2006, and the shares are up over 430% since then.

All the IPO experts I talked to like Visa’s fundamentals, but they worry about valuation.

Kohlberg Kravis Roberts is another potential big name IPO. But experts say that offering is uncertain, given the dismal performance of rival Blackstone’s shares since it went public this year.

There are some other upcoming IPOs I didn’t mention in my piece tonight: IAC/InteActive Corp intends to divide its operations into five separate publicly traded businesses. And conglomerate Loews Corp intends to spin off its tobacco business.

We’ll be keeping close tabs on all these developments!