Affirm's huge IPO pop - Citi wealth shakeup - Bank earnings sneak peek
Advertisement
Dan DeFrancesco
Jan 14, 2021, 20:53 IST
Max Levchin, Affirm CEOGetty
Stop me if you have heard this before: A high-profile tech startup with a well-known founder went public, and the stock went ballistic.
Advertisement
Affirm made its public debut Wednesday (more on that below). As is the case with other recent tech IPOs, the stock surged once trading began, rising as much as 110% above its initial offering price of $49.
We're written a lot about the IPO market exploding in recent months, but some of those stories are worth revisiting around why the IPO market is so hot and how Airbnb and DoorDash failed to reinvent the process.
As mentioned above, Affirm went public on Wednesday. We got a chance to chat with CEO and founder Max Levchin -formerly of PayPal Mafia fame - about his company hitting the public markets.
Check out all our stories from our convo with Max:
NewsletterSIMPLY PUT - where we join the dots to inform and inspire you. Sign up for a weekly brief collating many news items into one untangled thought delivered straight to your mailbox.
Stadiums have been empty. Here's why Sixth Street is making a big bet on Legends, the company behind the New York Yankees and Dallas Cowboys luxury suites.
The EU gives London Stock Exchange the green light for a $27 billion takeover of data company Refinitiv
India’s central bank to monitor digital lending, says recent spurt of lending apps has raised serious concerns