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Is Hot IPO Affirm Holdings Worth Its High price?
After a year of headline-grabbing initial public offerings in 2020, Affirm Holdings (NASDAQ: AFRM) is the first hot IPO of 2021. The financial technology company, or fintech, provides easy payment solutions for shoppers; its buy-now-pay-later options make big purchases more affordable, and it does this without imposing late fees. Affirm, whose founders include PayPal co-founder Max Levchin, sees its function as liberating buyers from the unclear terms and fees of traditional creditors by being transparent, flexible, and fair.