Top fund managers wary on buy now, pay later sector
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.
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Equity markets
Fetching latest articles