San Francisco-based FinTech company Affirm is targeting up to USD 38 per share in their initial public offering, pushing their valuation to above USD 9b. The company, which offers loans in installments to online consumers at the buying stage, said it aims to raise up to USD 934.8m in the long-awaited IPO. Affirm, which has a Series A filing with the U.S. Securities and Exchange Commission, aims to offer 24.6 million shares at prices ranging between USD 33 and USD 38 per share.
You may know its founder Max Levchin, who co-founded the popular service PayPal with Peter Thiel way back in 2000. The FinTech firm has become a breakout star in the buy-now-pay-later trend, having reported a net revenue of USD 509.5m for the fiscal year ending on June 30, 2020.