Money Makers Mentor

Affirm Raises Expected Pricing Range for IPO

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.

IPO Details

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…

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