UPDATE 1-Max Levchin's Affirm surges 85% in Nasdaq debut [Reuters]
Affirm Holdings, Inc. - Class A (AFRM)
Company Research
Source: Reuters
By Reuters Staff 2 Min Read (Adds details, background) Jan 13 (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 hav
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AFRM
Earnings
- 2/8/24 - Miss
AFRM
Sec Filings
- 3/18/24 - Form 4
- 3/14/24 - Form 144
- 3/8/24 - Form 4
- AFRM's page on the SEC website