Proactiveinvestors Australia Splitit Ltd https://www.proactiveinvestors.com.au Proactiveinvestors Australia Splitit Ltd RSS feed en Sun, 16 Jun 2019 21:30:34 +1000 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Splitit shares refuse to stop with fourth positive trading day underway ]]> https://www.proactiveinvestors.com.au/companies/news/216139/splitit-shares-refuse-to-stop-with-fourth-positive-trading-day-underway-216139.html Splitit Ltd (ASX:SPT) shares are within reach of attaining 10-bagger status today, last priced at $1.94 just after midday.

The company completed an initial public offering (IPO) in late January 2019 with shares priced at 20 cents each.

If the shares hit $2.00, this will mean IPO investors have x10 their investment in less than 1.5 months.

READ: Splitit gains market darling status, up over 400% from IPO price

Often shares will take a breather after three strong performing days but this hasn't been the case with the buy-now, pay-later company.

Last Wednesday, the stock finished up 13.5% at $1.215 and proceeded to put on 8.0% on Thursday and 9.4% on Friday to close at $1.565.

Today the stock is up 24% to $1.94, powering higher since this morning's open at $1.65.

 

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Mon, 11 Mar 2019 12:32:00 +1100 https://www.proactiveinvestors.com.au/companies/news/216139/splitit-shares-refuse-to-stop-with-fourth-positive-trading-day-underway-216139.html
<![CDATA[News - Splitit gains market darling status, up over 400% from IPO price ]]> https://www.proactiveinvestors.com.au/companies/news/215857/splitit-gains-market-darling-status-up-over-400-from-ipo-price-215857.html Splitit Ltd (ASX:SPT) has traded as high as $1.165, or up 482.5% from its 20-cent initial public offering (IPO) on January 29, 2019.

The buy-now, pay-later company is following in the footsteps of big brother Afterpay Touch Group Ltd (ASX:APT).

An online shopper will buy a product, for example a $200 dress, upon checkout, they will have the option to select Splitit allowing them to pay for the dress is split payments with no interest.

Unlike Afterpay, which has said before it is an alternative to credit cards for the millennial generation who don’t like to use them, Splitit customers must have a valid credit card.

Splitit users must have a Mastercard or Visa with an appropriate limit to make a purchase and importantly, Splitit does not assume any of the credit risk as it is with Mastercard and Visa.

At 29 January 2019, Splitit had 380 active merchants operating in 27 countries around the world.

In the December quarter, its underlying merchant transactions totalled $32 million resulting in $1.45 million in total merchant fees with an average order value of $1,050.

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Wed, 06 Mar 2019 08:37:00 +1100 https://www.proactiveinvestors.com.au/companies/news/215857/splitit-gains-market-darling-status-up-over-400-from-ipo-price-215857.html