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Affirm's Nasdaq debut values GIC's stake at US$2.1b

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Affirm's Nasdaq debut values GIC's stake at US$2.1b

Thu, Jan 14, 2021 - 10:46 PM
chongkmc@sph.com.sg@ClaudiaChongBT
2 -min read
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Thu, Jan 14, 2021 - 10:46 PM
Claudia Chong chongkmc@sph.com.sg @ClaudiaChongBT
2 -min read
Listen to this article

SHARES of GIC-backed lender Affirm nearly doubled in value in its Nasdaq debut in the US on Wednesday, valuing the Singapore sovereign wealth fund's stake in the company at US$2.1 billion at the close of the trading day.

Through Jasmine Ventures, GIC holds 9.07 per cent of the equity in...

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