Affirm Holdings Inc. is postponing its initial public offering, the second company in as many days to pull back from the red-hot IPO market, the Wall Street Journal reports.
The point-of-sale lender, which had been set to begin marketing its shares to investors this coming week ahead of a December listing, now won’t go public until January at the earliest.
While the reasons aren’t entirely clear, people familiar with the matter cited the extreme first-day pops this past week in the shares of DoorDash Inc. and Airbnb Inc. and delays at the Securities and Exchange Commission amid a flood of listing requests.
The move comes just a day after The Wall Street Journal reported that videogame company Roblox Corp., which was on a similar IPO timetable, put its listing on pause until early next year.
Both Roblox and Affirm will consider selling a larger portion of their shares and changing