A 3% gain in the FinTech IPO Index this past week was led by the platforms. And in many cases, those firms have yet to report earnings — so, perhaps, let’s call this an anticipatory rally. Katapult, the lease-to-own platform, saw its shares leap 49.7%...
Bank earnings start Friday. That means we’ll get management commentary on everything, from interest rates to loan performance to consumer spending. The read across will be there for the members of the FinTech IPO Index, who are depending on some of those macro trends to...
The FinTech IPO Index gave up nearly 3%, coming into the end of the first full trading week of the fourth quarter. Affirm led declining names, sliding 16% through the past five trading sessions. As reported at the end of last month, Affirm has partnered...
Earnings, earnings, everywhere — and for the FinTech IPO Index, a notable rally marked the past five sessions. The overall index was up 9.3%. Blend Labs led the charge, where shares soared more than 84%. In the company’s results, Blend noted its mortgage banking software...
May 17, 2024
Call it the week of the platform. Earnings reports from firms that focus on bringing supply and demand together — in lending, for example, or for modernizing payments between merchants and consumers — were dominant in the headlines. With stocks remaining volatile in the wake of those earnings reports, the FinTech IPO Index was 1.7% higher this week. […]
May 03, 2024
A 3% gain in the FinTech IPO Index this past week was led by the platforms. And in many cases, those firms have yet to report earnings — so, perhaps,...
October 13, 2023
Bank earnings start Friday. That means we’ll get management commentary on everything, from interest rates to loan performance to consumer spending. The read across will be there for the members...
October 06, 2023
The FinTech IPO Index gave up nearly 3%, coming into the end of the first full trading week of the fourth quarter. Affirm led declining names, sliding 16% through the...
July 16, 2021
Blend Labs, Inc. launched its initial public offering of 20 million shares of Class A common stock on the New York Stock Exchange, starting at $18 per share and crossing the $20-per-share threshold in early action on the floor. The IPO brought in $360 million for the digital lending firm, valuing it at $4 billion. […]
