Point-of-sale lending startup Affirm plans to raise nearly $935 million in its initial public offering, it said in a securities filing Tuesday. It also disclosed a proposed offering price range of between $33 and $38. At the midpoint of that range, Affirm could be valued at $8.5 billion in the public markets. Founded by PayPal co-founder Max Levchin in 2012, Affirm had initially planned to go...
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Logistics Startup Next Trucking Tries to Sell Itself
Sequoia Capital–backed logistics startup Next Trucking, facing a slowdown in the trucking sector, is trying to sell itself, according to people familiar with the matter and a pitch deck reviewed by The Information. Next has enlisted the help of BG Strategic Advisors, a Florida-based boutique investment bank specializing in transportation and logistics mergers and acquisitions, according...
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