Soon we'll see the impact as 78m shares will come out of escrow...........we saw Z1p SP fall when 42m shares came out of escrow....

Rear Window

Sezzle boss waiting on $700 million windfal

Tom RichardsonMarkets reporter and commentator

Jun 15, 2021 – 3.56pm

Save

Share

The buy now, pay later sector is close to minting another billionaire as the meteoric rise of Sezzle means co-founder Charlie Youakim’s stake is now worth about $800 million.

Sezzle CEO Charlie Youakim and chief revenue officer Paul Paradis. Wayne Taylor

For now that wealth is largely on paper, because about $710 million of it is tied up in shares subject to an ASX-imposed escrow until the second anniversary of Sezzle’s listing on July 31.

From then, 78.8 million of the 88.3 million shares Youakim owns will become available to trade.