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Affirm stock rockets 90% after IPO – MarketWatch

Company makes lending products that let people make online purchases in installments

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Affirm Holdings Inc. shares are surging about 90% in midday trading Wednesday after the financial-technology company made its public debut. Shares of Affirm
AFRM,
+99.35%
opened at $90.90 Wednesday after listing on the Nasdaq, with the first trade coming at 12:20 p.m. ET. The company priced its initial public offering at $49 a share late Tuesday, above an already raised range of $41 to $44 a share. The company raised at least $1.2 billion through the offering. Underwriters have access to an overallotment…

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