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Afterpay, Zip Co fall sharply amid BNPL sell-off – Stockhead
The red-hot BNPL sector is getting a dose of cold water to end the week amid a broader tech sell-off. Zip Co (ASX:Z1P) and Afterpay (ASX:APT) both slumped by as…
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The red-hot BNPL sector is getting a dose of cold water to end the week amid a broader tech sell-off.
Zip Co (ASX:Z1P) and Afterpay (ASX:APT) both slumped by as much as 10 per cent at the opening bell.
But it wasn’t just an Afterpay/Zip Co problem, with Sezzle (ASX:SZL) also down 10 per cent at one point while every stock in the ASX’s BNPL cohort was trading in the red.
As part of Afterpay’s half-year results yesterday, the company announced a $1.25bn convertible note issue…
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