The company plans to sell about 45.4 million shares priced at between USD 20.00 and USD 24.00 apiece, according to a regulatory filing. It would raise over USD 1 billion at the top end of the range.
Marqeta, which helps companies issue credit and debit cards to their staff, previously disclosed that its revenue jumped more than two-fold to USD 290.3 million in 2020 as homebound customers shopped more online.
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