Max Levchin’s Affirm shares soar more than 100% in Nasdaq debut
US provider of small loans to online shoppers raises $1.2bn
13 January 2021 - 21:24
Bengaluru — Shares of Affirm, founded by PayPal's co-founder Max Levchin, doubled in their Nasdaq debut on Wednesday, valuing the US provider of instalment loans to online shoppers at more than $22bn.
Affirm's shares opened at $90.90 and were trading at $99.68 apiece before the close, 103% higher than the $49 price at which the company had sold shares in its initial public offering (IPO) on Tuesday to raise $1.2bn. The IPO price was above the target price range Affirm had set...
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