Commerzbank, Visa and CreditEase could be in line for exits after the card issuing platform developer confidentially filed to go public at a possible $10bn valuation.
Marqeta, the US-based payment card issuer backed by corporate investors Commerzbank, Visa and CreditEase, has confidentially filed for an initial public offering, Reuters has reported, citing a person familiar with the matter.
The company is targeting a $10bn valuation in the offering, more than double the $4.3bn valuation at which it last raised funding. Goldman Sachs and JPMorgan Chase are among the underwriters for the IPO, which could take place as soon as April this year.
Marqeta is the creator…
