Deals
Payments Processor Marqeta Raises $1.23 Billion in IPO
Marqeta headquarters in Oakland, California, U.S.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Marqeta Inc., an online card and payment processing company, raised $1.23 billion after pricing its initial public offering above a marketed range.
The Oakland, California-based company sold 45.5 million shares for $27 apiece on Tuesday, according to data compiled by Bloomberg. Marqeta had marketed the shares for $20 to $24 each.