Payment card platform Marqueta eyes IPO
Marqeta Inc., an Oakland, California-based payment card issuing platform that is backed by Goldman Sachs Group, is preparing to test the market for an initial public offering, according to Reuters.
The report said Marqeta is planning to interview a number of investment banks later this month who would advise it on the IPO, which could come later this year or in 2021.
The company raised $150 million in May from an unnamed institutional investor. The funding valued the Marqeta at $4.3 billion.
A spokesman for Marqeta declined to comment on the report.