The Mastercard, Visa, CreditEase and CommerzBank-backed card issuing platform developer priced the offering above its range.

US-based payment card issuer Marqeta is floating today in a $1.22bn initial public offering representing exits for payment services firms Visa and Mastercard, online lending platform CreditEase and financial services firm CommerzBank. The company is issuing 45.5 million class A shares on the Nasdaq Global Select Market priced at $27 each, above the offering’s $20…

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