Fintech player SoFi Technologies plans to raise $1.5 billion by issuing new shares, aiming to expand more business lines beyond its core lending operations. They are currently working with Goldman Sachs to launch this round of stock offering, with a planned price between $27.50 and $28.50 per share. Compared to last Thursday's closing price of $29.60, this represents up to a 7% discount. Notably, SoFi launched its cryptocurrency service, SoFi Crypto, in November last year, and this round of fundraising is likely related to expanding that line of business as well.
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GasFeeNightmare
· 12-06 01:08
Cutting leeks again, the discounted fundraising trick is so old-fashioned.
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SolidityNewbie
· 12-05 17:16
SoFi has started raising funds again, this time it seems they want to place a big bet on crypto. It feels a bit rushed.
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DeadTrades_Walking
· 12-05 01:47
Here they are again, trying to fleece retail investors. The discounted fundraising trick is the same old routine.
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quietly_staking
· 12-05 01:27
Sofi is raising funds again, it seems they're really going to push hard in the crypto space. But this price is a bit painful.
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MetaverseMigrant
· 12-05 01:26
Raising funds again... this time to play with crypto? SoFi is getting a bit carried away.
Fintech player SoFi Technologies plans to raise $1.5 billion by issuing new shares, aiming to expand more business lines beyond its core lending operations. They are currently working with Goldman Sachs to launch this round of stock offering, with a planned price between $27.50 and $28.50 per share. Compared to last Thursday's closing price of $29.60, this represents up to a 7% discount. Notably, SoFi launched its cryptocurrency service, SoFi Crypto, in November last year, and this round of fundraising is likely related to expanding that line of business as well.