|Bid||23.96 x 0|
|Ask||23.97 x 0|
|Day's Range||23.93 - 24.79|
|52 Week Range||10.36 - 28.76|
|Beta (3Y Monthly)||2.60|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
The Minneapolis-based company closed the day at A$2.20 per share, shy of the A$2.58 session high, nearly double its initial public offering (IPO) price of A$1.22 a share. Sezzle, yet to post a profit, only operates in the United States and Canada and said it will fund growth in those two countries with the A$43.6 million ($30.03 million) it raised from the oversubscribed IPO. "We certainly haven't sold any of our shares, we think they may trade higher in the coming days and weeks," said Dean Fergie, portfolio manager at Cyan Investment Management, a fund that bought shares in the IPO.
Australia's Afterpay Touch Group Ltd on Tuesday said it was moving toward appointing a "majority independent board with an independent chair", as the fast-growing lender boosts governance amid scrutiny from the financial crime watchdog. The announcement sent Afterpay's shares up as much as 7.6% in Tuesday trade, partly reversing two days of heavy selling as investors fretted about U.S. credit card firm Visa Inc's planned entry to the buy-now-pay-later market. Investors have also been spooked since the Australian Transaction Reports and Analysis Centre (AUSTRAC) last month ordered an external audit of Afterpay due to suspected non-compliance with anti-money-laundering laws.
Australia's Afterpay Touch Group Ltd, an early adopter of buy-now-pay-later consumer lending, has come under heavy selling pressure for consecutive trading days after credit card giant Visa Inc unveiled plans to enter the market. Visa's plans to allow customers to pay by instalments marks a significant threat to Afterpay and its cohort of like-minded companies pioneering interest-free payments systems. Afterpay shares had started to recover in volatile late-afternoon trading.
Australian shares slipped on Tuesday, tracking sharp losses on Wall Street after Caterpillar and Nvidia Corp warned of weak Chinese demand, with robust gains in miners offset by declines in financial and ...
Most people who invest on the ASX will already be familiar with Afterpay (Afterpay Touch Group Ltd, ASX:APT). It is one of the best returning stocks on the ASX over Read More...