Unicorn Affirm is preparing for an IPO with a valuation of anywhere between $5bn and $10bn, the Wall Street Journal has reported.
In Brief:
-
The report says that Affirm could start trading publicly this year.
-
Affirm is a buy now, pay later firm that works at the point of sale.
-
It has recently partnered with Shopify as well as introducing new products such as a savings account.
What does this mean?
While preparations have been reported, nothing is set in stone just yet. The FinTech has already raised over $1bn but WSJ says it could also sell itself to another company.