Afterpay Ltd (ASX:APT) is the owner of the popular “buy now, pay later” app. Afterpay has over 9 million registered users worldwide, making it one of Australia’s true technology success stories. Afterpay is trying to emulate its outstanding success in Australia by expanding its reach into the UK, using the ‘Clearpay’ brand name, and into the USA, where it has signed major social influencers to endorse its service.
The Afterpay Ltd (ASX: APT) share price is sinking today as the market digests a series of announcements. Here are the key points.
The Afterpay Ltd (ASX:APT) share price just opened 10% lower as the market reacts to the company’s half-year report and $1.25 billion convertible notes offering.
The S&P/ASX 200 (INDEXASX:XJO) is expected to tumble when the market opens on Friday. BNPL rivals Zip (ASX:Z1P) and Afterpay (ASX:APT) shares are in the news.
The Afterpay Ltd (ASX:APT) share price is currently in a trading halt after the business announced its FY21 half-year result and a capital raising.
The share prices of Afterpay Ltd (ASX:APT) and Zip Co Ltd (ASX:Z1P) are down 8% and 7% respectively. Is it time to panic?
The QuickFee Ltd (ASX:QFE) share price tumbled today after ASX fintech posted results for the first half of FY21. Why isn’t Mr Market showing much love for QuickFee?
It wasn’t a pretty day for the ASX buy now, pay later (BNPL) sector at large. But the Openpay Group Ltd (ASX:OPY) share price bucked the trend and charged higher.
Today the ASX 200 (ASX: XJO) was weighed down by a big sell-off of Zip Co Ltd (ASX: Z1P) shares and Evolution Ltd (ASX: EVN) shares, which sank 14% and 10%, respectively. Z1P shares were particularly hard hit, despite 69,764 trades taking place.
The S&P/ASX 200 (INDEXASX:XJO) is poised to rise when the market opens this morning. JB Hi-FI (ASX:JBH) and Nearmap (ASX:NEA) shares are in the news.
