Marqeta (MQ) IPO Opens 20% Higher

Today's IPO for Marqeta (NASDAQ: MQ) opened for trading at $32.50 after pricing 5,454,546 shares of its Class A common stock at $27.

Goldman Sachs & Co. LLC and J.P. Morgan are acting as lead book-running managers for the offering. Citigroup, Barclays, William Blair and KeyBanc Capital Markets are acting as book-running managers. Nomura, HSBC, R. Seelaus & Co., LLC and Siebert Williams Shank are acting as co-managers.

Marqeta’s modern card issuing platform empowers its customers to create customized and innovative payment cards. Marqeta’s modern architecture gives its customers the ability to build more configurable and flexible payment experiences, accelerating time-to-market and democratizing access to card issuing technology. Marqeta's open APIs provide instant access to highly scalable, cloud-based payment infrastructure that enables customers to launch and manage their own card programs, issue cards and authorize and settle payment transactions. Marqeta is headquartered in Oakland, California and is certified to operate in 36 countries globally.

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