Afterpay Touch Group Ltd (APT)

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Afterpay Touch Group Ltd (APT) Profile

Afterpay Touch Group Ltd (APT.xasx) is a financial technology company headquartered in Melbourne, Australia. Afterpay is knοwn fοr its “pay later” service that enables οnline and in-stοre clients tο purchase a prοduct immediately and pay with equal fοrtnightly repayments, and they are interest-free. The company is operating in Australia, Canada, New Zealand, the United States and the United Kingdom and has 14M customers from all over the world. Afterpays cooperates with 85k small and big brands, is used by popular retailers including Anthropologie, Forever 21, Tarte Cosmetics, Reformation, Levi's, Nasty Gal, Urban Outfitters and more and employs 695 people. The Afterpay Touch Group Ltd stock (APT.xasx) is listed on the Australian Securities Exchange (ASX), had $21.96B (AUD) in market capitalisation as of January 2022 and $519.2M in 2020 yearly revenue. Square announced that it will acquire Afterpay for $29B (AUD) in an all-stock deal, and the product will be integrated into Square’s seller and Cash App ecosystems. The acquisition aims to grow buy now, pay later industry and plans to complete by the first quarter of 2022.

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Each investor owning shares of a company is also owning fragments of the company. A quite simple way to explain what a stock is is basically when a company divides itself into several shares and then it makes a part of these equities available to the public, at a price. Each investor owning shares of a company is owning fragments of the company.

While shares represent units of ownership within a company Contracts for Difference (CFDs) allow traders to speculate on the future share price fluctuations of an underlying asset. Thus when trading CFDs traders do not physically own the underlying asset. CFDs are available for a range of underlying assets, such as shares, commodities, and foreign exchange, and indices.

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Source - database | Page ID - 17028

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