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Marqeta IPO: Riding the Fintech Wave

Marqeta (MQ), which is a payments processing operator, pulled off its IPO last week. On the first day of trading, the shares rose by 13% to $30.50, putting the market capitalization over $16 billion. The performance may seem unimpressive, but it’s actually strong, considering that the company initially set a range for the offering at $20 to $24. (See Marqeta Stock Stats and Charts on TipRanks) The underwriters on the offering included Goldman Sachs (GS), J.P. Morgan (JPM), Citi (C), Barclays (BC

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