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Affirm postpones its initial public offering

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Affirm Holdings Inc. is postponing its initial public offering, the second company in as many days to pull back from the red-hot IPO market, the Wall Street Journal reports.

The point-of-sale lender, which had been set to begin marketing its shares to investors this coming week ahead of a December listing, now won’t go public until January at the earliest.

While the reasons aren’t entirely clear, people familiar with the matter cited the extreme first-day pops this past week in the shares of DoorDash Inc. and Airbnb Inc. and delays at the Securities and Exchange Commission amid a flood of listing requests.

The move comes just a day after The Wall Street…



Source marketwatch.com

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