Australian buy now, pay later firm Afterpay is contemplating a US listing following strong growth in North American markets.
“While Afterpay intends to remain an Australian headquartered company, our shareholderbase is increasingly becoming more globally focused,” the firm says in a Q3 trading update. “A US listing would further accommodate this growing interest.”
The firm’s Q3 results statement revealed a tripling in North America sales, overtaking Australia and helping to double the total value of transactions it processed to A$5.2 billion compared with a year earlier.
The Australian firm may be joined by local rival Sezzle, which has annoubnced plans to file for a US listing.
The Minneapolis-based firm, which is currently listed on the ASX, has a market value of about A$1 billion.