Business
Sezzle (ASX:SZL) share price shoots higher on Q1 update and US listing plans
The Sezzle Inc (ASX: SZL) share price is on course to end the week with a strong gain.
In morning trade, the buy now pay later (BNPL) provider’s shares are up over 8% to $9.65.
Why is the Sezzle share price charging higher?
Investors have been fighting to get hold of the company’s shares this morning after it released its first quarter update and announced plans for a US listing.
In respect to the former, Sezzle reported underlying merchant sales (UMS) growth of 214.1% to US$375.1 million for the three months ended 31 March.
Sezzle also revealed income of US$29.2 million for the quarter, up 216% on the prior corresponding period. This was driven by UMS growth and a small increase in margins.
What were the drivers of this…
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