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 ...
Full story available on Benzinga.com