Marqeta Inc, a payment modern card issuing platform provider, has filed Amendment No 2 to Form S-1 Registration Statement on June 1, 2021 with the U.S. Securities and Exchange Commission to announce terms for its IPO.
The company plans to raise $1 billion by offering 45.5 million shares at a price range of $20 to $24. Assuming a successful IPO at the midpoint of the proposed price, the company expects a market capitalization of $12.4 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.
#ipo #nasdaq #payment #card #marqeta #business
Hexcellence Consulting has experienced IPO consulting team focus on listing in US Stock Market,
namely NYSE, Nasdaq and OTC Markets.
Should you interested to list your company in US Stock Market,
please contact us at [email protected]
