Affirm, SoFi herald potential boom in new fintech listings

By James Thorne

Affirm and SoFi, two of the most well-funded venture capital-backed fintech companies in the US, are set to go public in what is expected to be a breakout year for new public listings in the sector. Their success—or struggles—could be a bellwether for other offerings in the making.

Emboldened by pandemic-era growth and higher stock market valuations, fintech providers are increasingly willing to go public. Several late-stage companies like Robinhood and Klarna are said to be mulling offerings in the near-term. And cryptocurrency exchange operator Coinbase is poised to make its market debut soon after confidentially filing with the SEC in December.

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