Popular buy now pay later platform Afterpay is looking at the potential of a US.
The company says the move comes “given the US market is now the largest contributor to our business and is expected to continue to grow strongly.”
But the company says it wants to keep its headquarters in Australia and has set no timeline for a board decision on the listing.
Afterpay has also provided a quarterly update: underlying sales were up 104 per cent in the third quarter of FY21 against the prior comparable period.
Underlying sales in the United States and United Kingdom were up 211 per cent and 277 per cent respectively on Q3 FY20 on a local currency basis.
Afterpay also revealed rapid growth in the United Kingdom, where underlying sales were $500 million, up 246 per cent compared with the same quarter last year. It also launched in Spain, France and Italy during the quarter.
Additionally, the company said March 2021 exceeded December 2020 in sales to deliver “the second highest monthly underlying sales ever recorded,” with the US division becoming the first region to record more than $1b in underlying sales in a single month.
