On June 8, 2021, Marqeta announced the pricing of its initial public offering of 45,454,546 shares of its Class A common stock at a public offering price of $27 per share, with gross proceeds to the company of over $1.2 billion. Marqeta also granted the underwriters a 30-day option to purchase up to an additional 6,818,181 shares of its Class A common stock at the initial public offering price, less underwriting discounts and commissions. The company's stock began trading on the Nasdaq Global Select Market under the ticker symbol "MQ" on June 9. The offering closed on June 11.

Goldman Sachs & Co. LLC and J.P. Morgan acted as lead book-running managers for the offering. Citigroup, Barclays, William Blair, and KeyBanc Capital Markets acted as book-running managers. Nomura, HSBC, R. Seelaus & Co., LLC, and Siebert Williams Shank acted as co-managers.

Wilson Sonsini Goodrich & Rosati advised the underwriters on the transaction. The team included corporate partner Steve Bernard, senior counsel Cathy Doxsee, and associates Layan Khrais and Theo Haboucha.

Please see Marqeta's press release for more information. Further coverage can be found on Bloomberg, CNBC, and Reuters.