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Affirm's huge IPO pop - Citi wealth shakeup - Bank earnings sneak peek
4 days ago | By Business Insider
Max Levchin, Affirm CEO
Getty
Stop me if you have heard this before: A high-profile tech startup with a well-known founder went public, and the stock went ballistic. Affirm made its public debut Wednesday. As is the case with other recent tech IPOs, the stock surged once trading began, rising as much as 110% above its initial offering price of $49. We're written a lot about the IPO market exploding in recent months, but some of those stories are worth revisiting around why the IPO market is so hot and how Airbnb and DoorDash failed to reinvent the process. If you're not yet a subscriber...
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