Markets

Affirm skyrockets 110% in first day of trading after $1.2 billion IPO

5 days ago   |   By Business Insider

Affirm CEO Max Levchin
Affirm
Affirm soared as much as 110% on Wednesday after the company's shares began trading hands publicly for the first time. The loan provider raised $1.2 billion in its initial public offering , selling 24.6 million shares for $49 each. Affirm's leap extends the trend of massive investor demand for IPOs. The craze emerged in December after Airbnb and DoorDash surged in their market debuts. Affirm trades under the ticker "AFRM" on the Nasdaq exchange. Sign up here our daily newsletter, 10 Things Before the Opening Bell. Affirm spiked as much as 110% on Wednesday...
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Affirm prices IPO above expected range at $49 per share, raising $1.2 billion for the point-of-sale fintech firm

5 days ago   |   By Business Insider

E-commerce installment lender.
Virojt Changyencham/Getty Images
Affirm priced its shares at $49 at the company's initial public offering on Tuesday.
The offering is expected to raise $1.2 billion, giving the fintech installment lender a valuation close to $12 billion.
Affirm lifted its price range on Monday to $41 to $44, from $33 to $38.
Affirm is set to trade on the Nasdaq Global Select Market under the ticker "AFRM."
Sign up here for our daily newsletter, 10 Things Before the Opening Bell .
Affirm Holdings, Inc. announced on Tuesday that it priced its IPO at $49 per share, coming in...
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