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Afterpay happily ever after

Wilson Asset Management

Wilson Asset Management

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

Wilson Asset Management

Wilson Asset Management has a track record of making a difference for shareholders and the community for more than 20 years. As the investment manager for eight leading LICs – WAM Capital (ASX: WAM), WAM Leaders (ASX: WLE), WAM Global (ASX: WGB),...

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