Document Analysis NLP IA
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Summary (IA Generated)
How much revenue does it takes to earn an eleven-figure valuation? .
The Wall Street Journal, which broke the news, said that Affirm could begin trading this year and that its IPO options include debuting via a special purpose acquisition company, also known as a SPAC.
The company is around eight years old and has raised north of $1 billion, meaning it has locked up investor cash during its life as a private company.
And liquidity has become an increasingly attractive possibility in 2020, when new offerings of all quality levels are enjoying strong reception from investors and traders who are hungry for equity in growing companies.
That price tag is a multiple of what Affirm was worth last year when it added 0 million to its coffer at a post-money price of $2.
This morning let’s chat about the company’s possible IPO valuation.
The Journal noted the strong public performance of Afterpay as a possible cognate for Affirm — the Australian buy-now, pay-later firm saw its value dip to $8.
So let’s how learn much revenue it takes to earn an eleven-figure valuation on the public markets by offering consumers credit.
Synchrony offers similar installment loans to consumers, along with other forms of capital access, including privately-branded credit cards.
5 billion as of this morning, making it a company of similar-ish value compared to the top end of the possible Affirm valuation range.