Press Release June 23, 2021

Marqeta Completes $1.4 Billion Initial Public Offering

The Technology and FinTech teams advised longtime client Marqeta, Inc. (NASDAQ: MQ) on its initial public offering of 45,454,546 shares of its Class A common stock at a public offering price of $27.00 per share. In addition, Marqeta granted the underwriters a 30-day option to purchase up to an additional 6,818,181 shares, which was exercised in full. The transaction raised total gross proceeds of approximately $1.4 billion.

Marqeta’s modern card issuing platform empowers its customers to create customized and innovative payment cards. The company’s modern architecture gives its customers the ability to build more configurable and flexible payment experiences, accelerating time-to-market and democratizing access to card issuing technology.

Caine Moss leads Goodwin’s ongoing counsel for Marqeta. Mitzi Chang, Brad Weber and Kim de Glossop led the IPO team which included Caine Moss, Monica Patel, Lynda Galligan, Emma Mann-Meginniss, Sandy de Sauvage, Erica Kassman, Kyle Dowling, Elizabeth Doyon, Kirk Fauser, Samira Seraji, Ben Whitlatch and Christina Keeney.

For additional details on the offering, please read the pricing press release and coverage in The Wall Street Journal and Law360.