US Options are issued for nil cash consideration and have an exercise price of US$0.19. The exercise price of US Options is set on a periodic basis by reference to a third-party valuation of Afterpay US Inc. which is conducted for US tax purposes.
From todays AFR:
Afterpay had about 1 million customers and 2000 merchants signed up in the US at the end of last month, but gross losses fell to 1.1 per cent of underlying sales at the last half. Asked how the business was keeping a lid on bad debts despite its rapid growth, Mr Molnar said: “It's hard to explain, but our customers love us because of the value we provide and also because how we have got their back.
DYOR
APT Price at posting:
$24.99 Sentiment: Sell Disclosure: Not Held
