Payments startup Marqeta valued at over $17 bln in Nasdaq debut

  • June 9, 2021
Payments startup Marqeta valued at over bln in Nasdaq debut

Marqeta logo is seen on a smartphone in front of displayed stock graph in this illustration picture taken June 9, 2021. REUTERS/Dado Ruvic/Illustration

Shares of Marqeta Inc (MQ.O), which provides payments services to customers including Uber Technologies Inc (UBER.N) and DoorDashInc, rose more than 20% in their Nasdaq debut, giving the firm a market capitalization of over $17.2 billion.

The financial technology startup’s stock opened at $32.50 on Wednesday, compared with its initial public offering (IPO) price of $27 per share. Marqeta’s IPO was priced well above its target price range of…

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Payments startup Marqeta valued at over $17 bln in Nasdaq debut

 
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