By Stuart Condie 
 

SYDNEY--Afterpay Ltd. is exploring a U.S. stock market listing after the buy-now-pay-later provider's North American operations became the largest contributor to underlying sales in its most recent fiscal quarter.

The company on Tuesday said it would remain headquartered in Australia, but believes that a U.S. listing would accommodate growing global investor interest. It said it had not set a timeline for a decision, which would be subject to market conditions and customary listing prerequisites.

Afterpay's underlying sales--the value of transactions made on its platform--surged to 5.2 billion Australian dollars ($4.0 billion) for the three months through March, compared with A$2.6 billion a year earlier. North America contributed A$2.6 billion, compared with A$2.1 billion from its longer-established Australia and New Zealand operations.

 

Write to Stuart Condie at stuart.condie@wsj.com

 

(END) Dow Jones Newswires

April 19, 2021 19:08 ET (23:08 GMT)

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