The journey to the public markets is on again for , which said Tuesday it aims to raise up to $934.8 million in an initial public offering.
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The news comes nearly a month after the San Francisco-based fintech company, which offers installment loans to online consumers at the point of sale, reportedly delayed its IPO plans.
Affirm, in an with the on Tuesday, said it intends to offer 24.6 million shares priced between $33 and $38 per share. The company will list its shares on the Nasdaq Global Select Market under the symbol AFRM.
founded Affirm in 2012 after co-founding with in 2000. The company went on to raise about $1.5 billion in funding from investors including ,, and. It most recently raised a round led by Durable and GIC in September 2020.
In its S-1 filing made in November, Affirm reported net revenue of $509.5 million for the fiscal year that ended on June 30, 2020. That鈥檚 up nearly 93 percent from the same period in 2019. It also revealed that nearly a third of its revenue stemmed from a single merchant partner:.
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