Affirm joins Roblox in delaying its planned 2020 IPO after monster gains from Airbnb, Doordash

Affirm joins Roblox in delaying its planned 2020 IPO after monster gains from Airbnb, Doordash

Affirm

Affirm is delaying its planned IPO until next year, making it the second company in days to put their public debut on hold, according to The Wall Street Journal.The move comes shortly after Roblox decided to postpone its planned 2020 IPO until next year to seek a higher price, given the strong investor demand for high-growth tech IPOs.The recent IPO frenzy has been accelerated by the strong trading debuts of Airbnb and DoorDash earlier this week.Visit Business Insider's homepage for more stories.

Affirm's planned 2020 IPO has been put on hold until next year, The Wall Street Journal reported on Saturday, citing people familiar with the matter.

The point-of-sale lender's decision to postpone its IPO comes shortly after Roblox decided to postpone its planned 2020 IPO until next year to seek a higher price, given the strong investor demand for high-growth tech IPOs.

Affirm planned to begin pitching its shares to potential investors this coming week, and was on track to receive a market valuation of as much as $10 billion, according to The Journal.

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