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Marqeta Priced, Nasdaq: MQ

Provides an open API platform for card issuing and digital payments.

Industry: Technology

Latest Trade: $26.65 +2.02 (+8.2%)

First Day Return: +13.0%

Return from IPO: -8.8%

Industry: Technology

Marqeta’s modern card issuing platform, or our Platform, empowers our Customers -- which include businesses like Affirm, DoorDash, Instacart, Klarna, and Square -- to create customized payment cards that provide innovative payment experiences for their customers and end users. Before the rise of modern card issuing, creating cards was slow, complex, and subject to mistakes. Marqeta helps solve these problems. Our Platform, powered by open APIs, enables businesses to develop modern, frictionless payment card experiences for consumer and commercial use cases that are either the core of, or in support of, their core business. The digitization and commercialization of electronic payments is accelerating as commerce continues to shift to online and mobile payments. Over the last ten years, the reach of card-based payments expanded as technology eased merchants’ acceptance of card payments. In contrast, card issuing saw relatively little innovation as financial institutions were the primary users of card issuing technology, and their needs largely remained the same. Our modern architecture allows for flexibility, a high degree of configurability, and accelerated product development, democratizing access to card issuing technology.
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IPO News for Marqeta
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IPO Data
IPO File Date 05/14/2021
Offer Price $27.00
Price Range $20.00 - $24.00
Offer Shares (mm) 45.5
Deal Size ($mm) $1,227
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 06/08/2021
Offer Price $27.00
Price Range $20.00 - $24.00
Offer Shares (mm) 45.5
Deal Size ($mm) $1,227
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters Oakland, CA
Founded 2010
Employees 509
Website www.marqeta.com