Marqeta IPO: Riding the Fintech Wave

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)