Afterpay happily ever after
On Tuesday, online credit service company Afterpay Holdings Limited (ASX: AFY) announced that following completion of its initial public offering in May 2016 the company has “continued to experience strong growth with respect to all key aspects of its current business”. The company said that since 31 March 2016 the total number of retail merchants live with Afterpay has grown by more than 140% to 300. Shares in Afterpay rallied following the announcement and closed up 24.4% for the week. We own Afterpay as a ‘market’ driven investment in the WAM Capital and WAM Active portfolios
Never miss an update
Enjoy this wire? Hit the ‘like’ button to let us know.
Stay up to date with my current content by
following me below and you’ll be notified every time I post a wire
Wilson Asset Management has a track record of making a difference for shareholders and the community for 27 years and is the investment manager for nine LICs and two unlisted funds. Wilson Asset Management invests over $6 billion on behalf of more than 130,000 retail investors. Wilson Asset Management created and is the lead supporter of the Future Generation companies, the first LICs to deliver both investment and social returns.
Comments
Comments
Sign In or Join Free to comment
most popular
Equities
21 ASX stocks that should be on your radar
Livewire Markets
Equities
Wisetech tanks 17% on earnings miss but margins shine
Livewire Markets