Shares of payments startup Marqeta set to soar in Nasdaq debut

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Shares of payments startup Marqeta Inc (MQ.O) were set to soar in their U.S. stock market debut on Wednesday, giving the company a valuation of nearly $17 billion.

Marqeta logo is seen on a smartphone in front of displayed stock graph in this illustration picture taken June 9, 2021. REUTERS/Dado Ruvic/Illustrationwere set to soar in their U.S. stock market debut on Wednesday, giving the company a valuation of nearly $17 billion.

At 10:38 a.m. ET, Marqeta's shares were indicated to open at $32 compared to its IPO price of $27 per share.Subscribe for our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox.

 

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