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Marqeta's $1.2 Billion IPO: What to Know

The financial technology startup may not be a household name, but it has been a key to success for many firms.

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Marqeta, whose platform offers card-issuing and payment-processing services, is the latest in a long list of tech startups going public in 2021. It's slated to list on the Nasdaq and begin trading on Wednesday.

Financial technology companies in particular have garnered significant investor interest this year, perhaps pushing more startups to go public. Two other payments-related companies, Flywire (FLYW) and Paymentus (PAY) recently went to market. Flywire's stock jumped about 46% and Paymentus' went up about 36% on their first day of trading.

Margaret Giles does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.

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