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Marqeta logo is seen on a smartphone in front of displayed stock graph in this illustration picture taken June 9, 2021. REUTERS/Dado Ruvic/Illustration
Shares of Marqeta Inc (MQ.O), which provides payments services to customers including Uber Technologies Inc (UBER.N) and DoorDashInc, rose more than 20% in their Nasdaq debut, giving the firm a market capitalization of over $17.2 billion.
The financial technology startup s stock opened at $32.50 on Wednesday, compared with its initial public offering (IPO) price of $27 per share. Marqeta s IPO was priced well above its target price range of $20 to $24 per share.
The Oakland, California-based company sold 45.45 million shares in its IPO, raising about $1.2 billion. It had previously been backed by investors including Uber, Goldman Sachs Group Inc and Visa Inc (V.N).
By Echo Wang NEW YORK (Reuters) - Uruguayan payment startup DLocal said on Wednesday it raised $617.65 million in its initial public offering. DLocal .
Shares of DLocal Ltd jumped nearly 48% in their Nasdaq debut on Thursday, giving the Uruguayan cross-border payments firm a market capitalization of about $9 billion.
Shares of DLocal Ltd jumped nearly 48% in their Nasdaq debut on Thursday, giving the Uruguayan cross-border payments firm a market capitalization of about $9 billion.