Affirm Soars in Market Debut
The share price of the payments company nearly doubles in first day of trading.
Affirm certainly has a good story: It’s a leading player among "buy now, pay later" providers who are looking to take market share from traditional credit card companies. Its sizable merchant network includes e-commerce players like Shopify (SHOP) and Peloton (PTON). And it nearly doubled its annual revenue to $510 million for the fiscal year ended June 30.
Susan Dziubinski does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.