Affirm sets IPO terms, could rake in up to $935 million

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Affirm Holdings Inc. disclosed terms Tuesday for its upcoming initial public offering. The company, which enables people to make online purchases in installments, plans to offer 24.6 million shares of its class A stock at $33 to $38 a share. At the high point of the range, the company would raise $934.8 million. Affirm intends to list on the Nasdaq under the ticker AFRM. Affirm was originally expected to go public late last year but the company reportedly postponed the offering into 2021 given a red-hot IPO market in December that brought big first-day stock pops for companies like Airbnb Inc. and DoorDash Inc. . Affirm plans to come public as the Renaissance IPO ETF has climbed 20% over the past three months and as the S&P 500 has increased 10% in the same span.
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