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July 31, 2020Blog Posts

Affirm Prepares IPO That Could Value Fintech Firm at Up to $10 Billion

The Wall Street Journal

Financial technology startup Affirm Inc. is working with Goldman Sachs Group Inc to prepare for an initial public offering by the end of this year, the Wall Street Journal reported Thursday.

The groundwork for taking the point-of-sale lender public is still at an early stage, and the company could also choose to merge itself with a special purpose acquisition company (SPAC) as a means of going public, according to the Journal’s sources.

Affirm was last valued at $2.9 billion as of April 2019, according to data firm Pitchbook. Affirm is now targetting a valuation of more than $5 billion, even as high as $10 billion, people familiar with the matter told the Journal.

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