Marqeta buyout interest grows following stock price drop, sources say
Marqeta’s [NASDAQ:MQ] falling stock price has buyout firms circling the financial technology provider to “kick the tires” on a potential deal, according to three sources close to the situation.
Over the last week, Marqeta’s stock price plunged 40% after it reported revenue for the third quarter that fell just shy of estimates and it issued weaker-than-expected guidance for 4Q.
Its market capitalization already fit the profile private equity firms seek when looking for takeout targets, but last week’s reduced valuation makes it even more attractive, the sources said.
Would-be buyers view Marqeta as a valuable target due to its modern financial products that are positioned to capitalize on the growing…
