Sezzle, which provides online merchants with an installment-based payment platform, is expected to begin trading on the Nasdaq today, August 17, 2023, according to an 8-K filed with the SEC. It plans to list under the symbol SEZL.
The Minneapolis, MN-based company is currently listed on the Australian Securities Exchange under the symbol "SZL", where its shares closed August 17 at an as-converted $12.35.
The Registered Stockholders, which include all major shareholders and management, had registered to sell up to 3.2 million shares of common stock.
Sezzle provides a digital payments platform that allows merchants to offer their customers a flexible alternative to traditional credit. As of December 31, 2022, Sezzle's platform supported 42,000 Active Merchants and approximately 2.9 million Active Consumers. The company elected to become a Public Benefit Corporation in June 2020, and became a Certified B Corp in March 2021.
There are no underwriters on the deal; however, unlike most direct listings to date, Sezzle did not disclose a financial advisor.
