Affirm Holdings Inc., which provides installment loans to online shoppers, filed for an initial public offering, reporting revenue gains and shrinking losses. The San Francisco-based company in its filing Wednesday listed the size of the offering as $100 million, a placeholder that will likely change. Affirm joins a class of consumer technology companies seeking to tap the public market before the year ends. More than 6,500 merchants use Affirm’s platform, according to its prospectus filed with the U.S. Securities and Exchange Commission. The company said its Class B shares will carry 15 votes each, while the Class A shares sold in the IPO will have one vote each.

Source: Mint November 19, 2020 00:33 UTC