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Marqeta stock jumps out of the IPO gate, pushing valuation higher than $17 billion

Marqeta Inc. shares rallied on their first day of trading on the Nasdaq Wednesday then pared some of those gains as the session wore on after the payments infrastructure company priced its initial public offering above its previously forecast range. Read More...

Reuters

Saudi Aramco raises $6 billion with debut sukuk

Saudi Arabian oil giant Aramco locked in another $6 billion on Wednesday to help fund a large dividend as it returned to the international debt markets with its first U.S. dollar-denominated sukuk sale, a document showed. The debt issuance, which will help fund a $75 billion dividend commitment that will mostly go to the government, comprises tranches of three, five and 10 years, a document from one of the banks arranging the deal and seen by Reuters showed. Aramco sold $1 billion in the three-year tranche at 65 basis points (bps) over U.S. Treasuries (UST), $2 billion in the five-year portion at 85 bps over UST and $3 billion in 10-year paper at 120 bps over UST.

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