Delaware Losing $14 Billion Affirm Holdings

Another major e-commerce player is departing from Delaware as corporations pack up and find a new domicile for their businesses.

Affirm Holdings Inc., a publicly held American technology firm with a market cap of about $14 billion, is preparing a move to either Nevada or Texas, reports GuruFocus.

Affirm, founded in 2012 by PayPal co-founder Max Levchin, handles financial services for merchants and shoppers. The company is headquartered in San Francisco but seeking shareholder approval to move its corporate domicile from Delaware.

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