Affirm Raises $1.2 Billion, Pricing Above Range In Hot IPO Market

By Benzinga8 days ago

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Online lender Affirm Holdings Inc. (NASDAQ: AFRM) has raised roughly $1.2 billion by pricing its initial public offering (IPO) at $49 per share, above the expected range of $41 to $44, Bloomberg reports.

What Happened: Affirm is a fintech company providing installment loans to online shoppers and is led by PayPal Holdings Inc (NASDAQ: PYPL) co-founder Max Levchin.

The IPO values Affirm at $11.9 billion based on outstanding shares. Its fully diluted valuation, including options and restricted stock units, is about $15 billion, as per Bloomberg.

Affirm is one of the first in a list of several companies to ...

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