The Affirm IPO will list on the Nasdaq under the ticker AFRM. (AFRM) Nasdaq Listed. Affirm launched in 2013 to provide small loans to customers without credit history. Shares of Affirm Holdings Inc, founded by PayPal Holdings Inc’s co-founder Max Levchin, doubled in their Nasdaq debut on Wednesday, valuing the U.S. provider of installment loans to online shoppers at over $22 billion. This is known as the average order value, or AOV. Reaching millions of people each month through its website, books, newspaper column, radio show, television appearances, and subscription newsletter services, The Motley Fool champions shareholder values and advocates tirelessly for the individual investor. RBC Capital: Outperform rating, price target of $130. GIC-backed Affirm sees stock nearly double in Nasdaq debut. Is Affirm a Growth Stock to Buy Now? "Buy now, pay later" pioneer Affirm (NASDAQ:AFRM) was probably right to list now, and not later. Affirm promises customers clear and transparent information on how much they will spend, and when exactly to pay. Shares of Affirm, an online payments company, began trading on the Nasdaq. Affirm has over 6.2 million consumers making 17.3 million transactions on the platform so far. I would like to receive Nasdaq communications related to Products, Industry News and Events.You can always change your preferences or unsubscribe and your contact information is covered by our Privacy Policy. Affirm Holdings, Inc. (NASDAQ:AFRM)’s stock price fell 6% on Monday . Affirm also collects fixed interest payments from consumers who've bought something using a simple interest loan. These symbols will be available throughout the site during your session. Market data powered by FactSet and Web Financial Group. 3 -min read. Find the latest Affirm Holdings, Inc. (AFRM) stock quote, history, news and other vital information to help you with your stock trading and investing. Deutsche Bank's Bryan Keane expects gross merchandise volume to grow at 40% to 50% in the mid term but has some concerns around the company's valuation at current levels. But that doesn't mean the road ahead is all clear. Motley Fool Returns Stock Advisor S&P 500 During the last session, Affirm Holdings, Inc. (NASDAQ:AFRM)’s traded shares were 1,723,948, with the beta value of the company hitting 0. According to a Barrons article, an estimated 75% of Peloton's connected-fitness products are sold via Affirm. ET Morgan Stanley's James Faucette sees competition in the BNPL space intensifying but says that Affirm has strong appeal with younger demographics. First, they dive into two companies that have recently gone public -- homebuilder Dream Finders Homes (NASDAQ: DFH) and fintech company Affirm (NASDAQ: AFRM). The deal is expected to close on Tuesday, January 12 and the company’s stock will trade on the Nasdaq under the ticker symbol “AFRM” on Wednesday, January 13. The brainchild of Paypal co-founder Max Levchin, Affirm seeks to challenge the dominance of traditional consumer credit players by providing "honest" financial products. According to a report by PYMNTS.com, 65% of BNPL provider Afterpay's U.S. users are millennials or Gen Z. )+[a-z]{2,63}/i);}, failureMessage: "Value must not contain any URL's"});field5.add(Validate.Presence, {failureMessage:"This field is required"});field5.add(Validate.Length, {tooShortMessage:"Invalid length for field value", tooLongMessage: "Invalid length for field value", minimum: 4, maximum: 4});function handleFormSubmit(ele) { var submitButton = ele.querySelector('input[type=submit]'); var spinner = document.createElement('span'); spinner.setAttribute('class', 'loader'); submitButton.setAttribute('disabled', true); submitButton.style.cursor = 'wait'; submitButton.parentNode.appendChild(spinner); return true; }function resetSubmitButton(e){ var submitButtons = e.target.form.getElementsByClassName('submit-button'); for(var i=0;i