Skadden, Davis Polk Steer Fintech Affirm's $1.2B IPO

Law360 (January 13, 2021, 4:00 PM EST) -- Fintech startup Affirm, which bills itself as a flexible alternative to credit cards, saw shares soar Wednesday after pricing an above-range $1.2 billion initial public offering guided by Skadden and underwriters counsel Davis Polk.

San Francisco-based Affirm Holdings Inc. sold 24.6 million shares at $49 each, above its range of $41 to $44, which was upwardly revised from an earlier projection of $33 to $38. Affirm shares nearly doubled in late-afternoon Nasdaq trading, surpassing $97 under the symbol "AFRM."

Venture-backed Affirm joins a scorching IPO market with the year's first billion-dollar-plus offering, though more companies could follow suit. Mobile gamer Playtika...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!