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Top fund managers wary on buy now, pay later sector

Tom Richardson

Some of Australia's leading fund managers warned valuations across the loss-making buy now, pay later sector are too high during The Australian Financial Review's Inside Markets webcast on Tuesday.

Shares in market leader Afterpay have rocketed from $8.90 on March 23 to $50.50, with rival Zip up from $1.23 to $6.36 over the same period. On June 2, Zip revealed a deal to acquire US buy now, pay later player QuadPay in an all-scrip offer worth $403 million.

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Tom Richardson was a journalist at The Australian Financial Review

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    Original URL: https://www.afr.com/markets/equity-markets/top-fund-managers-wary-on-buy-now-pay-later-sector-20200609-p550qd