- Payment platform Sezzle (SZL) has revealed plans to file a registration statement with the U.S. Securities and Exchange Commission (SEC)
- The registration statement will be for a proposed initial public offering (IPO) of the company’s common stock in the U.S.
- Sezzle has not yet determined the proposed IPO’s timing, number of shares to be offered, use of proceeds or pricing
- The company’s offering is subject to market conditions, as well as the effectiveness of its registration statement
- Sezzle is up 7.55 per cent and trading at $9.55 per share
Payment platform Sezzle (SZL) has revealed plans to file a registration statement with the U.S. Securities and Exchange Commission (SEC).
The registration statement will be for a proposed initial public offering (IPO) of the company’s common stock in the United States.
Earlier this month, Sezzle filed a Form 10 General Form for Registration of Securities with the SEC. As a result, the company has become a reporting company for U.S. SEC purposes, and will be subject to filing annual, quarterly and current reports with SEC, in addition to its periodic filings on the Australian Securities Exchange.
The time seems ripe for Sezzle to pursue an IPO in the U.S. market, considering its recent growth in activities there. Only yesterday, the company announced its partnership with Market America Worldwide, a U.S. product brokerage and internet marketing company.
Market America Worldwide is also the owner of popular e-commerce site, SHOP.COM, an enterprise where Sezzle’s buy now, pay later online payment services may be of use.
Under the companies’ new partnership, Sezzle will provide Market America’s independent distributors, customers, and online shoppers with a flexible and convenient payment option. This will allow the distributors, customers, and shoppers to exercise greater control over when and how they pay.
Sezzle has not yet determined a number of details about the proposed IPO in the U.S. These details include the IPO’s timing, pricing, the number of shares in common stock to be offered, or how the IPO’s proceeds will be used by the company.
The proposed IPO is subject to a number of conditions, including the condition of the market and the effectiveness of the registration statement to be filed.
Sezzle is up 7.55 per cent, trading at $9.55 per share at 10:16 am AEST.