#PayTech / Payment infrastructure provider Marqeta IPOs above range at $27

Marqeta, launched in 2010, provides software for companies to provide and manage their own credit cards. The company draws almost 70% of its revenue from payment processor Square, pulling that money from net interchange fees set by the card networks and paid by card holders…

Although lead underwriters Goldman Sachs and JPMorgan priced the company in the $20 to $24 range per share, research and advisory firm IPO Boutique says that Marqeta’s IPO was drawing high demand…

Additional funding round investors in the company include Visa, Mastercard, IA Capital Group and ICONIQ Capital, Commerce Ventures, 83North and Granite Ventures…

Other payment startups such as Flywire and Paymentus have gone public in recent weeks. The listings shows a continuing trend of demand for payment processing services and technologies.

https://finledger.com/2021/06/09/payment-infrastructure-provider-marqeta-ipos-above-range-at-27/