The Affirm IPO overnight is very relevant to Sezzle. Of the listed BNPL operators, the two operate in the same markets. While Affirm is much bigger and has been around for longer, Sezzle is quickly closing the gap.
As you may have seen, Affirm delayed their IPO to try to lift their valuation. Initially targeting a $5bn to $10bn USD valuation in December, after last night, they settled at a $30bn USD valuation. Crazy for what I considered the weakest of the BNPL players in the US.
Here are some key metrics comparing Sezzle to Affirm:
If Sezzle listed on the NASDAQ tomorrow, it would be worth $100 a share! Thankfully, listing on the NASDAQ is something that the Sezzle CEO has mentioned, so we may not see the gains today, but they will come to the patient.
SZL Price at posting:
$6.50 Sentiment: Buy Disclosure: Held
