U.S. payment card issuing start-up Marqeta Inc filed confidentially with the U.S. Securities and Exchange Commision for a proposed initial public offering (IPO), according to a person familiar with the matter.
Marqeta will now await feedback from the SEC on its filing and hopes to complete its IPO as early as April, the source said, requesting anonymity because the matter is private.
Marqeta is eyeing a valuation in the IPO of around $10 billion and is working with Goldman Sachs Group Inc and JPMorgan Chase & Co, the source added.
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