initial public offerings (IPOs) trading on American exchanges

Friday, May 13, 2022

SoFi Technologies (SOFI) began trading on the Nasdaq on Tue 1 June 21

SoFi Technologies is an online personal finance company and online bank. It provides financial products including student and auto loan refinancing, mortgages, personal loans, credit card, investing, and banking. 
  • Sector(s): Financial Services
  • Industry: Credit Services
  • Full Time Employees: 2,500
  • Founded in 2011 
  • HQ in San Francisco, California

SoFi attracted funding from investors such as Peter Thiel, private equity firm Silver Lake and SoftBank, according to PitchBook.
Went public in a $8.65 billion deal with Social Capital Hedosophia Holdings V, the latest blank-check company from venture capitalist Chamath Palihapitiya.
Other Chamath SPACs: Opendoor Technologies (OPEN), Virgin Galactic Holdings (SPCE), Clover Health Investments (CLOV)
On the first day of trading the stock closed up more than 12% to $22.65.


 Anthony Noto, CEO of SoFi

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