Affirm Holdings Inc, a financial technology company, has filed Amendment No 5 to Form S-1 Registration Statement January 11, 2021 with the U.S. Securities and Exchange Commission to raise the proposed IPO price range to $41 to $44, previously the proposed price range was $33 to $38.
The company plans to raise $1 billion by offering 24.6 million shares. Assuming a successful IPO at the midpoint of the proposed range, the company expects a market capitalization of $12.3 billion.
The company building the next generation platform for digital and mobile-first commerce by using modern technology and launched a consumer app that allowed loans for purchases at any retailers.
The San Francisco, California-based company was founded in 2012 and booked $596 million in revenue for the 12 months ended September 30, 2020. It plans to list on the Nasdaq Global Select Market under the symbol “AFRM.” Morgan Stanley, Goldman Sachs, Allen & Company, RBC Capital Markets, Credit Suisse, and Barclays are underwriters of the IPO.
The company engages Skadden, Arps, Slate, Meagher & Flom LLP as US Securities Counsel, and Ernst & Young LLP as Independent Auditor.
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