Tuesday, 7 July, 2020 - 09:51
Afterpay raising $800m, founders sell down
E-commerce provider Afterpay is raising $800 million in a share sale as it looks to invest in growing sales and expand into new markets.
Nicholas Molnar is a co-founder of e-commerce provider Afterpay in 2014. He became co-CEO and managing director in November 2020.
Mr Molnar has experience in online retail, having launched the American online jeweller Ice.com into Australia under the local brand Iceonline.com.au. Mr Molnar's family has been in the Australian jewellery industry for the past 30 years and he was able to combine local product knowledge with technical online marketing.
Prior to launching Ice, Mr Molnar was an investment analyst at venture capital fund M.H. Carnegie & Co where he was primarily responsible for investment opportunities in the technology sector.
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NEWS: Tagged in Afterpay raising $800m, founders sell down | 07 Jul 2020 |
E-commerce provider Afterpay is raising $800 million in a share sale as it looks to invest in growing sales and expand into new markets.
UPDATED: Australia's share market was a little higher but the market operator has found another problem with data.
Afterpay is raising money to increase its stake in its US operations, on the same day it posted a first-half loss.
Afterpay has confirmed it is closer to listing on a US stock market after North America overtook Australia and New Zealand as the biggest region for sales.
Australian buy-now-pay-later group Afterpay has accepted a takeover offer from US digital payments giant Square in a deal worth $39 billion.
Position | Company | Year | Company's current rank | WA staff |
---|---|---|---|---|
Co-Founder, Executive Director, Co-Chief Executive & Managing Director
|
2017 | |||
Managing Director
|
2015 |
Position | Company | Year | Company's current rank |
---|---|---|---|
Chief Revenue Officer
|
2017 - 2020 |
Company | Date | Transaction type | Number of shares | Price per share | Transaction value | Nature of change |
---|---|---|---|---|---|---|
2021-08-26 | Sold | 47,500 | $131.96 | $6,268,100 | On-market trade | |
2021-02-26 | Sold | 450,000 | $134.36 | $60,462,000 | Off-market trade | |
2020-11-23 | Issued | 40,203 | $0.00 | Other | ||
2020-08-28 | Bought | 1,500,000 | $1.00 | $1,500,000 | Exercise of options | |
2020-08-06 | Bought | 304 | $66.00 | $20,064 | Other |