Affirm Inc plans $9 Billion IPO

Affirm, Inc., founded by PayPal co-founder Max Levchin, is aiming for a valuation of over $9 billion in its initial public offering, the lending startup said in a filing on Tuesday.

Affirm’s major investors include Peter Thiel’s Founders Fund, Singaporean sovereign wealth fund GIC, Scottish asset manager Baillie Gifford, investment firm Spark Capital and Fidelity Management, LLC and W Research Company LLC

Companies raised a record $167.63 billion in the United States in 2020. In comparison, $108 billion was raised in 1999, the previous record for capital raised through new issues.

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