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Breakingviews - Afterpay zealots buy now and will pay later

Breakingviews 3 Min Read A logo for the company Afterpay is seen in a store window in Sydney, Australia, July 9, 2020. REUTERS/Stephen Coates - RC2GPH9KB5BE MELBOURNE (Reuters Breakingviews) - Afterpay shareholders are destined to learn what its customers already know: a bill for the purchase-induced endorphin rush eventually comes due. The Australian financial technology champion just reported more impressive growth as the buy-now-pay-later model gathers pace around the world. For the many investing enthusiasts, it will help justify a 1,500% run-up in the share price from a trough nearly a year ago, but there are plenty of reasons to question the valuation.

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