06 January 2021

Affirm set for $9bn valuation with IPO  

Written By FinTech Alliance

Affirm set for $9bn valuation with IPO  

Affirm Holdings Inc aims for a $9bn valuation following its IPO, Reuters reports.  

In Brief:  

  • Affirm offers an installment loan solution for ecommerce.  

  • Currently over 6,500 merchants use Affirm.  

  • 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. 

Read more here.    

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