Marqeta Inc, a payment modern card issuing platform provider, has filed Form S-1 Registration Statement on May 14, 2021 with the U.S. Securities and Exchange Commission to raise up to $100 million IPO. Pricing terms are yet to announce. Sources estimate the total proceeds raised would up to $1.5 billion.
The company helps clients to create customized payment cards that provide innovative payment experiences for their customers and end-users. Their platform 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 Oakland, California-based company was founded in 2010 and booked $350 million in sales for the 12 months ended March 31, 2021. It plans to list on the Nasdaq Global Select Market under the symbol “MQ.” Goldman Sachs, J.P. Morgan, Citi, Barclays, William Blair and KeyBanc Capital Markets are underwriters of the IPO.
The company engages Goodwin Procter LLP as US Securities Counsel, and Ernst & Young LLP as Independent Auditor.
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