Affirm doubles after starting to trade despite strong IPO pricing – ClearTips

Affirm doubles after starting to trade despite strong IPO pricing – TechCrunch

Affirm shares today, A buy-now-pay-later unicorn, began trading above $ 90 per share, well above its $ 49 per share IPO price, a figure that was already miles above the company’s initial expectations.

After raising its price range from $ 41 to $ 44 per share earlier this week, Pop comes above the initial range of $ 33 to $ 38 per share. There is strong demand for its shares, thin boat or both, to see the company double its inflated price.

Affirm’s explosive debut comes on the heels of similarly strong results from Dormade, C3.i, and AirBnB. The debate of those companies was so strong that Robox delayed its IPO, later swapping a traditional IPO for a direct listing to get the pricing issue.

Today’s IPO shows that the same mobility that operates in the same IPO remains in 2021. More public debut is expected in Q1, including Coinbase, another well-known unicorn. Other names such as Robinhood, Bumble, and others are in the wings.

Affirm’s first day performance will certainly raise the eyebrows of regular critics of the traditional IPO process. But the company raised more money than anticipated, and has increased the business on the first day, so it is very difficult for the company. If its share price is still as high as it was in a month, it was probably as low as some would claim.


Affirm’s pricing for Affimtech giants brings a green squall to a busy week. Yesterday, Plaid’s $ 5.3 billion takeover failed to pass due to regulatory concerns. Although the falling deal could have an impact on fintech startups, Plaid told ClearTips that it saw 60% customer growth in 2020, reaching more than 4,000 customers. Plaid’s next move, many times per VC and in the tech community, would be larger than the $ 5.3 billion dollar exit it once planned.

Some tweets to give you a sense of the momentum around fintech right now:

Affirm’s forward-looking attitude to pop and plaid suggests that the exit market for fintech seems both optimistic and energetic.

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