Marqeta Valued At More Than $17B in Nasdaq Debut

Shares of Marqeta, an Oakland-based modern card issuing platform, popped on the first day of trading Wednesday, closing at $30.52 per share, up 13 percent from opening price of $27, CrunchBase reports.

Marqeta now has a market value of $17.3 billion, according to Yahoo, which is based on 586 million of outstanding shares.

Read more: CrunchBase News