/PRNewswire/ Poshmark, Inc. (Poshmark) today announced the pricing of the initial public offering (IPO) of 6,600,000 shares of its Class A common stock at a.
Print
Affirm Holdings Inc. s stock almost doubled in its public market debut, the latest multibillion-dollar technology company to start trading significantly higher than its initial public offering price.
Shares of the San Francisco company, which provides installment loans to online shoppers, closed up 98% at $97.24 in New York trading after rising as much as 110% earlier Wednesday. The company sold 24.6 million shares at $49 each in Tuesday’s IPO to raise $1.2 billion, pricing the stock above a range that had already been increased.
Affirm closed Wednesday with a market value of more than $23 billion. The company has a fully diluted valuation of almost $30 billion, including options and restricted stock units, according to Bloomberg calculations.
Affirm shares almost double in debut after US$1.2B U.S. IPO
Crystal Tse, Bloomberg News VIDEO SIGN OUT
Affirm Holdings Inc. almost doubled in its public market debut, the latest multibillion-dollar technology company to start trading significantly higher than its initial public offering price.
Shares of the San Francisco-based company, which provides installment loans to online shoppers, closed up 98 per cent to US$97.24 in New York trading after rising as much as 110 per cent earlier Wednesday. The company sold 24.6 million shares at US$49 each in Tuesdayâs IPO to raise US$1.2 billion, pricing the stock above a range that had already been increased.
To embed, copy and paste the code into your website or blog:
On Dec. 1, 2020, The Nasdaq Stock Market LLC (Nasdaq) submitted a proposal to the U.S. Securities and Exchange Commission (SEC) to require a company listed on its exchanges, with some exceptions, to (a) have at least two diverse directors on its board or explain why it does not meet these objectives and (b) provide standardized disclosure on the composition of its board. In its proposal, Nasdaq noted the gap between “heightened attention” to diversity and the lack of both board diversity and useful disclosure. Nasdaq believes that “the national market system and the public interest would best be served by an additional regulatory impetus for companies to embrace meaningful and multi-dimensional diversification of their boards.”