Marqeta’s $1.2 Billion IPO

Wilson Sonsini Goodrich & Rosati advised the underwriters on the deal while Goodwin Procter LLP represented Marqeta, Inc.

Marqeta announced the pricing of its initial public offering of 45,454,546 shares of its Class A common stock at a public offering price of $27 per share, with gross proceeds to the company of $1.4 billion.Marqeta also granted the underwriters a 30-day option to purchase up to an additional 6,818,181 shares of its Class A common stock at the initial public offering price, less underwriting discounts and commissions. The company’s stock began trading on the Nasdaq Global Select Market under the ticker symbol “MQ” on June 9. The offering closed on June 11.

Goldman Sachs & Co. LLC and J.P. Morgan acted as lead book-running managers for the offering. Citigroup, Barclays, William Blair, and KeyBanc Capital Markets acted as book-running managers. Nomura, HSBC, R. Seelaus & Co., LLC, and Siebert Williams Shank acted as co-managers.

Wilson Sonsini Goodrich & Rosati advised the underwriters on the transaction. The team included corporate partner Steve Bernard (Picture), senior counsel Cathy Doxsee, and associates Mike Moesel, Layan Khrais, and Theo Haboucha.

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.

Involved fees earner: Mitzi Chang – Goodwin Procter; Kim de Glossop – Goodwin Procter; Sandy de Sauvage – Goodwin Procter; Kyle Dowling – Goodwin Procter; Elizabeth Doyon – Goodwin Procter; Kirk Fauser – Goodwin Procter; Lynda Galligan – Goodwin Procter; Erica Kassman – Goodwin Procter; Emma Mann-Meginniss – Goodwin Procter; Caine Moss – Goodwin Procter; Monica Patel – Goodwin Procter; Bradley Weber – Goodwin Procter; Ben Whitlatch – Goodwin Procter; Steven Bernard – Wilson Sonsini Goodrich & Rosati; Cathy Doxsee – Wilson Sonsini Goodrich & Rosati; Theo Haboucha – Wilson Sonsini Goodrich & Rosati; Layan Khrais – Wilson Sonsini Goodrich & Rosati; Mike Moesel – Wilson Sonsini Goodrich & Rosati;

Law Firms: Goodwin Procter; Wilson Sonsini Goodrich & Rosati;

Clients: Barclays Bank; Citigroup Inc.; Goldman Sachs & Co.; HSBC; J.P. Morgan Securities LLC; KeyBanc Capital Markets; Marqeta Inc; Nomura; R. Seelaus & Co.; Siebert Williams Shank & Co. LLC; William Blair & Company, L.L.C.;

Author: Martina Bellini