Max Levchin's Affirm sees stock double in Nasdaq debut [Reuters]
Affirm Holdings, Inc. - Class A (AFRM)
Company Research
Source: Reuters
By Reuters Staff 2 Min Read (Reuters) - Shares of lending startup Affirm Holdings Inc, founded by PayPal Holdings Inc’s co-founder Max Levchin, soared in their debut on Wednesday, giving the company a market capitalization of over $22 billion. Affirm’s shares opened at $90.90 on the Nasdaq, 85.5% higher than their upwardly revised initial public offering (IPO) price of $49 apiece. The firm has raised $1.2 billion in its IPO. The company had targeted a price range of $41 to $44 per share on Monday, to sell around 24.6 million shares in its IPO. Affirm’s debut underscores a strong week for U.S. IPOs, with at least eight companies slated to price their IPOs this week, looking to raise more than $5 billion in total. It is expected to be the biggest week for listings in more than five years. Founded in 2012, venture capital-backed Affirm was started to offer small loans to people without credit histories or savings accounts. Over 6.2 million consumers have used the platform as of Sept. 30
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AFRM
News
- Affirm Holdings, Inc. (NASDAQ: AFRM) had its "neutral" rating re-affirmed by analysts at JPMorgan Chase & Co..MarketBeat
- Affirm Holdings, Inc. (NASDAQ: AFRM) had its "hold" rating re-affirmed by analysts at Needham & Company LLC.MarketBeat
- Affirm: Acceleration Across The Board [Seeking Alpha]Seeking Alpha
- Affirm to Announce Third Quarter Fiscal Year 2024 Results on May 8, 2024Business Wire
- Affirm Holdings, Inc. (NASDAQ: AFRM) had its price target lowered by analysts at Barclays PLC from $50.00 to $41.00. They now have an "overweight" rating on the stock.MarketBeat
AFRM
Earnings
- 2/8/24 - Miss
AFRM
Sec Filings
- 4/12/24 - Form 4
- 4/3/24 - Form 4
- 4/3/24 - Form 4
- AFRM's page on the SEC website