Ukrainian Max Levchin, CEO of the buy-now, pay-later fintech company Affirm, Inc. is fintech’s newest billionaire according to Forbes. He has an 11% stake in the company is now worth $2.7 billion.
San Francisco based Affirm went public yesterday at $49 a share—an implied valuation of $12 billion. Shares shot up 98%, lifting its market value to an eye-popping $23.6 billion.
In IPO Pop, Affirm Doubles In Value To $24 Billion