Bloomberg
Payments Processor Marqeta Raises $1.23 Billion in IPO
(Bloomberg) — Marqeta Inc., an online card and payment processing company, raised $1.23 billion after pricing its initial public offering above a marketed range.The Oakland, California-based company sold 45.5 million shares for $27 apiece on Tuesday, according to data compiled by Bloomberg. Marqeta had marketed the shares for $20 to $24 each.Marqeta offers physical and virtual debit, credit and prepaid cards. Its customers include a technology-enabled companies like Uber Technologies Inc., Door
