Business
Zip valuation frustrates boss after ‘absolutely cracking’ quarter – The Australian Financial Review
After another strong quarter of growth, Zip Co co-founder Peter Gray says it is undervalued compared to the likes of Afterpay and Affirm.
“Even if you looked at us as a direct comparison to Sezzle, we would appear undervalued, and I think that one of the opportunities for us as we go to market this year is to bridge that valuation gap.
“So we would be hopeful of getting a re-rating at some stage, which should assist with the share price.”
Afterpay shares hit a record high of $149.78 on a valuation of about $42.5 billion on Thursday, with gains of 334 per cent over the past year. Zip closed up 23 per cent to $7.36 (a $4.1 billion valuation),…
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