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Marqeta's headquarters in Oakland, Calif.
David Paul Morris/Bloomberg
Shares of Marqueta gained as a lot as 21% as buying and selling started after the funds processor raised a larger-than-expected $1.2 billion in an IPO. Marqeta’s (ticker: MQ) stock kicked off at $32.50 and peaked at $32.75. In early afternoon, shares modified fingers at $31.52, up almost 17% from the provide worth.
Late Tuesday, Marqeta bought 45,454,546 shares at $27 every, above the vary of $20 to $24 it had advised buyers to count on. Such worth will increase sometimes sign robust demand for a stock. Marqeta had focused a...