About SoFi Technologies, Inc. - Common Stock (SOFI)
SoFi Technologies Inc is a financial technology company that provides a range of services aimed at helping consumers manage their finances and achieve their financial goals. The company offers products such as personal loans, mortgages, credit cards, investment services, and student loan refinancing, all designed to simplify the borrowing and investing process. In addition to its financial products, SoFi also features a social network for members to connect and share financial insights, as well as educational resources to empower individuals in making informed financial decisions. Overall, SoFi seeks to disrupt traditional financial systems by leveraging technology to create a more accessible and user-friendly financial experience. Read More
SoFi Technologies, Inc. (NASDAQ: SOFI) (“SoFi” or the “Company”) today announced that it has priced its previously announced underwritten public offering of 71,942,450 shares of its common stock at a price of $20.85 per share, for total gross proceeds of approximately $1.5 billion, before deducting underwriting discounts and commissions and offering expenses payable by the company.
SoFi Technologies, Inc. (NASDAQ: SOFI) (“SoFi” or the “Company”) today announced an underwritten public offering of $1.5 billion of shares of its common stock. In connection with the offering, SoFi expects to grant the underwriter a 30-day option to purchase up to an additional 15% of the shares of common stock offered in the offering. All of the shares of common stock in the offering will be sold by SoFi. SoFi intends to use the net proceeds from the offering for general corporate purposes, including working capital and other business opportunities.
Shares of SoFi Technologies, Inc. (NASDAQ:SOFI) surged higher this week as the digital financial services provider posted record-breaking loan origination numbers, signaling renewed investor optimism and underlining the firm’s rapid growth trajectory. The market’s reaction to SoFi’s latest earnings and operational highlights demonstrates how the company
Risk appetite took a breather Tuesday, with major U.S. stock indices retreating modestly from record highs as investors braced for a pivotal stretch of earnings and macro events.
William Blair expects SoFi’s expanding lineup of financial products, ranging from savings and spending tools to lending, investing, and advisory services, to erode the market share of legacy banks rapidly.
SoFi reported second-quarter revenue of $858.23 million, beating analyst estimates of $801.49 million, according to Benzinga Pro. The company reported second-quarter adjusted earnings of 8 cents per share, beating estimates of 6 cents per share.
