Business
Why did the Zip (ASX:Z1P) share price rocket 43% in February?
The Zip Co Ltd (ASX: Z1P) share price was in fantastic form last month.
In fact, with a gain of 43%, the buy now pay later (BNPL) provider’s shares were the best performers on the S&P/ASX 200 Index (ASX: XJO) over the period.
Why did the Zip share price rocket 43% in February?
There were a number of catalysts for the strong performance by the Zip share price in February.
The first was the IPO of rival BNPL provider Affirm in the United States in January. That IPO was so successful it appears to have driven a re-rating of a number of BNPL shares like Zip and Sezzle Inc (ASX: SZL).
In addition to this, speculation that the company could be looking at a secondary listing in the United States got investors excited. Not only would…
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