Marqeta, Inc.

Marqeta, Inc. (MQ) priced its initial public offering on Jun 10, 2021 at $27.00 per share, above its $20.00–$24.00 range, raising $1.23B, and listed on Nasdaq Global Select. At the IPO price its market capitalization was about $14.32B. Goldman Sachs was lead-left underwriter, joined by J.P. Morgan, Citigroup and Barclays and others. Goodwin Procter advised the company and Wilson Sonsini advised the underwriters.

Marqeta, Inc. operates a card issuing platform with open APIs that lets businesses create customized payment cards for consumer and commercial uses. Its customers include Affirm, DoorDash, Instacart, Klarna and Square.

Status

IPO

Ticker

MQ

Exchange

Nasdaq Global Select

Priced

Jun 10, 2021

IPO price

$27.00

Price range

$20.00–$24.00

Raised

$1.23B

Market cap at IPO price

$14.32B

First filed

May 14, 2021

Underwriters

Goldman Sachs, J.P. Morgan, Citigroup, Barclays, William Blair, KeyBanc, Nomura, HSBC and Siebert Williams Shank

Company counsel

Goodwin Procter

Underwriters' counsel

Wilson Sonsini

Sector

Technology

Country / state

CA

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.