{"id":153155,"date":"2021-01-13T04:44:00","date_gmt":"2021-01-13T01:44:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/affirm-reportedly-prices-ipo-well-above-target-to-raise-1-2-billion\/"},"modified":"2021-01-13T04:44:00","modified_gmt":"2021-01-13T01:44:00","slug":"affirm-reportedly-prices-ipo-well-above-target-to-raise-1-2-billion","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/affirm-reportedly-prices-ipo-well-above-target-to-raise-1-2-billion\/","title":{"rendered":"#\n  Affirm reportedly prices IPO well above target to raise $1.2 billion"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a407a753d771\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a407a753d771\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/affirm-reportedly-prices-ipo-well-above-target-to-raise-1-2-billion\/#Online_pay-in-installments_startup_from_PayPal_co-founder_valued_at_nearly_12_billion_in_Wall_Street_arrival\" >Online pay-in-installments startup from PayPal co-founder valued at nearly $12 billion in Wall Street arrival<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/affirm-reportedly-prices-ipo-well-above-target-to-raise-1-2-billion\/#Emily_Bary\" >Emily Bary<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#<br \/>\n  Affirm reportedly prices IPO well above target to raise $1.2 billion<br \/>\n<\/strong>&#8221;<\/p>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\"><span class=\"ez-toc-section\" id=\"Online_pay-in-installments_startup_from_PayPal_co-founder_valued_at_nearly_12_billion_in_Wall_Street_arrival\"><\/span>\n  Online pay-in-installments startup from PayPal co-founder valued at nearly $12 billion in Wall Street arrival<br \/>\n<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\">\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0000127950\">\n<div class=\"barrons-article-ad-wrapper\">\n<div data-track=\"barrons-article-ad-wrap\" class=\"barrons-article-ad sticky_item\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>       After a delay, payment-<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> company Affirm Holdings Inc. is about to get paid. <\/p>\n<p> The company, which lets people purchase goods and pay over time, priced its initial public offering at $49 a share late Tuesday, according to reports from <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-01-12\/lender-affirm-is-said-to-be-planning-to-price-ipo-above-range?sref=Oeyjq8by\" class=\"icon none\">Bloomberg News<\/a> and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.reuters.com\/article\/affirm-holdings-ipo\/update-1-affirm-prices-u-s-ipo-above-target-range-raises-1-2-bln-sources-idUSL1N2JO00D\" class=\"icon none\">Reuters<\/a>. That price is $5 a share more than the top of its proposed range, and would raise at least $1.2 billion and afford the company an initial market capitalization of $11.9 billion, based on Affirm\u2019s Securities and Exchange Commission filings. <\/p>\n<div class=\"paywall\">\n       Affirm<br \/>\n        AFRM,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\" class=\"\"><\/bg-quote><span>,<\/span><br \/>\n       which was co-founded and is led by  PayPal Holdings Inc. PYPL co-founder Max Levchin, allows customers to pay for online purchases over time. The company makes money on the merchant end of a transaction when consumers use one of Affirm\u2019s installment products, the most lucrative of which offers a \u201c0% APR\u201d option that lets consumers make purchases over time without incurring interest. The company also has a \u201csimple interest\u201d loan option under which it charges consumers for the upfront payment. <\/p>\n<p>Executives expected to take Affirm public at the end of 2020 but ended up delaying the IPO after huge first-day pops among other so-called unicorns going public, such as Airbnb Inc.<br \/>\n        ABNB,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/222990650\/composite\" class=\"positive\">+8.55%<\/bg-quote><br \/>\n       and DoorDash Inc.<br \/>\n        DASH,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/222973991\/composite\" class=\"positive\">+14.96%<\/bg-quote><span>.<\/span>\n      <\/p>\n<p><strong>For more:  After a year of impressive pandemic offerings, these tech companies expect to keep it rolling<\/strong> <\/p>\n<p>Affirm generated $509.5 million in revenue during its latest fiscal year, which ended in June, up from $264.4 million a year prior. The company recorded a net loss of $112.6 million, compared with a loss of $120.5 million in the year-earlier period.  <\/p>\n<p>Among the brands using Affirm for installment-payment options is Peloton Interactive Inc. PTON. The maker of connected exercise equipment accounted for roughly 28% of Affirm\u2019s revenue in its last fiscal year.  <\/p>\n<p><strong>See also: Five things to know about Affirm as it goes public<\/strong><\/p>\n<p>Affirm is one of a number of players in the buy-now-pay-later space. Competitors include Afterpay Ltd.<br \/>\n        APT,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/207831648\/delayed\" class=\"negative\">-1.33%<\/bg-quote><span>,<\/span><br \/>\n       which trades in Australia; Klarna, which has received backing from Visa Inc.<br \/>\n        V,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/203660239\/composite\" class=\"negative\">-1.89%<\/bg-quote><br \/>\n      ; and Uplift, which has focused on the online-<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/trip-and-travel\/\" data-internallinksmanager029f6b8e52c=\"10\" title=\"Trip &amp; Travel\" target=\"_blank\" rel=\"noopener\">travel<\/a> market.<\/p>\n<p>Affirm is now expected to begin trading Wednesday on the Nasdaq exchange with the ticker symbol \u201cAFRM. \u201cIn SEC filings, the company said it would seek to sell 24.6 million shares, and underwriters \u2014 led by Morgan Stanley, Goldman Sachs and Allen &amp; Co. \u2014 have access to an  overallotment comprising an additional 3.7 million shares. <\/p>\n<p>Affirm\u2019s IPO comes as the Renaissance IPO ETF<br \/>\n        IPO,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/207665280\/composite\" class=\"positive\">+3.37%<\/bg-quote><br \/>\n       has gained 22% over the past three months and as the S&amp;P 500<br \/>\n        SPX,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210599714\/realtime\" class=\"positive\">+0.04%<\/bg-quote><br \/>\n       has risen 7.6% during that span. <\/p><\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>      <span>By<\/span><\/p>\n<div class=\"author  hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"Emily Bary\",\"subhead\":\"The Wall Street Journal\",\"list\":[]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"Emily_Bary\"><\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/marketwatch.com\/author\/emily-bary?mod=MW_author_byline\">Emily Bary<\/a><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/p><\/div>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"http:\/\/www.marketwatch.com\/news\/story.asp?guid=%7B21005575-02D4-D4B5-4572-D1F3CE5673F4%7D&#038;siteid=rss&#038;rss=1\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Affirm reportedly prices IPO well above target to raise $1.2 billion &#8221; Online pay-in-installments startup from PayPal co-founder valued at nearly $12 billion in Wall Street arrival After a delay, payment-technology company Affirm Holdings Inc. is about to get paid. The company, which lets people purchase goods and pay over time, priced its initial&#8230;<\/p>\n","protected":false},"author":1,"featured_media":153156,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-153155","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/153155","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=153155"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/153155\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/153156"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=153155"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=153155"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=153155"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}