Business
ASX closes 0.6pc firmer, buoyed by iron ore and Afterpay record high – The Australian Financial Review
Iron ore producers rallied strongly to lift the benchmark to another 11-month high and buy now, pay later companies shone.
Buy now, pay later companies surged, with Zip Co up 12.9 per cent to $9.80 after The Australian Financial Reviews Street Talk column reported Zip was considering issuing American Depositary Receipts that would mirror shares in the company, trade in the US, and give it greater access to US capital markets.
Zip management is also understood to be spending the next few days in front of US investors, seeking to explain the companys buy now pay later payments platform and highlight its growth.
AfterPay…
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