Wall Street hugs Affirm as it starts life as a public company – TechCrunch
Wall Street hugs Affirm as it starts life as a public company The 2021 IPO market could reprise 2020's exuberanceAnd we’re off to the races! Last night, Affirm priced its IPO above its raised range at $49 per share, a sign that the public markets remain hungry for new listings. Provided that Affirm today trades similarly to how it priced, we could be looking at a 2021 IPO market that resembles last year’s heated results. Briefly, why, and then a thought about what’s next for the IPO market. This matters when we consider how the market values Affirm; the more richly Affirm is valued in revenue-multiple terms by its new, $39 per-share IPO price, the more bullish we can presume the IPO market is.