Affirm Holdings Inc. (AFRM) announced on Monday Jan. 11 that it was raising the expected pricing range for its IPO. The payment-technology company expected its stock to price at $41 to $44 a share when trading began on Wednesday. Affirm originally anticipated a pricing range of $33 to $38 a share.
Affirm was looking to raise up to $1.1 billion when it went public on Wednesday. The company released an updated SEC filing on Monday that states it plans to sell 24.6 million shares at the updated price of $41 to $44 a share. Affirm sought to raise up to $934.8 million with their initial price range of $33 to $38.
When trading began on Wednesday, Affirm raised $1.2 billion, more than it was looking to raise. Affirm’s shares opened at $90.90 after listing on the Nasdaq. Th…