The company was valued at $2.9b at the time of its $300m Series F last year according to PitchBook data. The company’s most recent valuation is not known. How much of a step-up a $10b public valuation would be, therefore, from its final private valuation is not clear.
Affirm will enter warm public markets if it chooses to list in short-order. The third quarter of 2020 was a bonanza of public-market liquidity, as the United States saw its most active quarter of public offerings since at least 2016, partially driven by the craze around SPACs. With retail investors and larger checkbooks alike active in their interest for growth-focused shares, unprofitable tech startups have done well in their recent debuts.