Max Levchin’s Affirm surges in Nasdaq debut

Shares of lending startup Affirm Holdings, founded by PayPal’s co-founder Max Levchin, soared in their debut on Wednesday, giving the company a market capitalization of over $ 22 billion. Affirm’s shares opened at $ 90.90 on the Nasdaq, 85.5 percent higher than their upwardly revised initial public offering (IPO) price of $ 49 apiece. The firm has raised…
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