Affirm Holdings Inc aims for a $9bn valuation following its IPO, Reuters reports.
In Brief:
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Affirm offers an installment loan solution for ecommerce.
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Currently over 6,500 merchants use Affirm.
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It’s reportedly set to float on the Nasdaq on 13 January.
What does this mean?
With shares priced between $33-38, it’s expected Affirm will raise up to $935mn from the IPO – which was initially planned for the last few weeks of 2020 but has been slightly delayed. The company’s most recent valuation, pre-IPO, was $3bn so it could triple as a result of the share sale.
