Affirm Holdings, Inc.

Affirm Holdings, Inc. (AFRM) priced its initial public offering on Jan 14, 2021 at $49.00 per share, above its $41.00–$44.00 range, and listed on Nasdaq Global Select. At the IPO price its market capitalization was about $11.89B. Morgan Stanley was lead-left underwriter, joined by Goldman Sachs, Allen & Company and RBC Capital Markets and others. Skadden, Arps advised the company and Davis Polk advised the underwriters.

Affirm Holdings, Inc. is building a platform for digital and mobile-first commerce. It includes a point-of-sale payment solution for consumers and tools for merchants, offered as an alternative to legacy payment options and traditional credit underwriting models.

Status

IPO

Ticker

AFRM

Exchange

Nasdaq Global Select

Priced

Jan 14, 2021

IPO price

$49.00

Price range

$41.00–$44.00

Market cap at IPO price

$11.89B

First filed

Nov 18, 2020

Underwriters

Morgan Stanley, Goldman Sachs, Allen & Company, RBC Capital Markets, Credit Suisse, Barclays, Truist, Siebert Williams Shank and Deutsche Bank

Company counsel

Skadden, Arps

Underwriters' counsel

Davis Polk

Sector

Financials

Country / state

CA

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.