The Mastercard, Visa, CreditEase and CommerzBank-backed card issuing platform developer priced the offering above its range.
US-based payment card issuer Marqeta is floating today in a $1.22bn initial public offering representing exits for payment services firms Visa and Mastercard, online lending platform CreditEase and financial services firm CommerzBank.
The company is issuing 45.5 million class A shares on the Nasdaq Global Select Market priced at $27 each, above the offering’s $20 to $24 range, to give it a market capitalisation of about $14.3bn.
Marqeta operates a card issuing and payment processing platform that enables businesses to…
