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Affirm Holdings Inc, a U.S. provider of installment loans to online shoppers, said on Wednesday it sold shares in its initial public offering (IPO) at $49 apiece, above its target range, to raise $1.2 billion.
BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - Affirm priced its initial public offering of class A common stock at $49.00 per share. The company is offering 24.6 million shares of its class A common stock.
PayPal cofounder Max Levchin is now worth $2.5 billion after the IPO of Affirm, which opened at $90.90, after pricing at $49. He's in good company.
Shares of Affirm Holdings Inc, founded by PayPal Holdings Inc's co-founder Max Levchin, almost doubled in their Nasdaq debut on Wednesday, valuing the U.S. provider of installment loans to online shoppers at over $23 billion.
Shares of Affirm Holdings Inc, founded by PayPal Holdings Inc's co-founder Max Levchin, almost doubled in their Nasdaq debut on Wednesday, valuing the U.S. provider of installment loans to online shoppers at over $23 billion.