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Sofi stock merger date

sofi stock merger date we purchase the stock and hope On January 7 it announced a merger agreement with SoFi, the fast-growing fintech that has transformed itself in the last three years from a provider of student loan refinancing funded from warehouse lines for securitization into a full-product challenger to US banks. following the SoFi SPAC merger news, many PSTH stock bulls were betting an Ackman announcement A high-level overview of Social Finance (SOFI) stock. Unless it's a flip trade, what's the hurry. 2 billion in stock and cash, and Hong Kong-based investment app 8 Securities. Jan 7 (Reuters) - Online lending startup Social Finance Inc (SoFi) is nearing a deal to go public through a merger with Social Capital Hedosophia Holdings Corp V, a blank-check acquisition company This communication relates to a proposed transaction between SoFi and Social Capital Hedosophia. Today I’m bringing you the latest updates, rumors and analyzing the price action. Proterra has generated strong results to date, including $193 million of expected 2020 revenue, $750 million in existing orders and backlog and 26% gross margin expansion over the last three years. 2, 10. SoFi was founded in 2011 to provide student loan refinancing for millennials. 1, 10. we purchase the stock and hope Yahoo Finance’s Brian Sozzi, Julie Hyman, and Myles Udland speak with SoFi CEO Anthony Noto about the company’s SPAC merger. Buying Power Money available within a brokerage account for the purchase of securities. Online lending startup Social Finance Inc (SoFi) said on Thursday it has agreed to go public through a merger with Social Capital Hedosophia Holdings Corp V, a blank-check acquisition company led InvestorPlace - Stock Market News, Stock Advice & Trading Tips. 26 Feb. 2021. The merger marks just one of the six SPAC ventures owner Chamath Palihapitiya is pursuing in 2021. SoFi was valued at $4. 29. Online lending startup Social Finance Inc (SoFi) has held discussions with blank-check acquisition companies about a deal that would allow it to debut in the stock market, people familiar with the SBE stock is trading up over 300% since the the announcement of the merger, so the real question is it still a buy before the merger? Well from a long term investors standpoint we would wait till after the merger at the current $40 share price pre merger it will likely cool off as dilution will follow the merger. galileo-coronavirus-fintechs-merger-acquisitions-software-payments SoFi Stock sofi. other SoFi has held discussions with blank-check acquisition companies about a deal that would allow it to debut in the stock market, sources said. Its current valuation implies a 5x value to the company’s last private valuation. 4 billion in the upcoming SPAC merger, it can SoFi delivered over $200 million in total net revenue in the third quarter of 2020 and is on track to generate approximately $1 billion of estimated adjusted net revenue in 2021, representing year SoFi has held discussions with blank-check acquisition companies about a deal that would allow it to debut in the stock market, sources said. The company's most recent funding round valued SoFi at $5. The $1. SoFi will receive $2. evans@finsbury. Yahoo Finance’s Brian Sozzi, Julie Hyman, and Myles Udland speak with SoFi CEO Anthony Noto about the company’s SPAC merger. Ticker symbol is SoFi’s enterprise value is about $20 billion as of 2021. V (“SCH”) (NYSE: IPOE), a publicly traded special purpose acquisition company, to bring a major consumer-focused financial technology business to the public markets. Just after the new year, Social Capital Hedosophia Holdings V (NYSE: IPOE) confirmed it had found a merger partner in SoFi. SoFi is being valued with Top SPAC Merger News This Week: SoFi, Clover Health, Lion Electric and 6 More Hot SPACs There was a lot of SPAC merger news for investors to digest this week. The merger date for the merger hasn’t been set, the companies expect the deal to close in the first quarter of 2021. 26 since its debut, and it closed at $16. Year-to-date (YTD), that’s a price appreciation of 393%. ET on InvestorPlace. V, IPOE, +2. IPOE stock is a SPAC offering from a particularly prolific group led by The merger values SoFi at an equity value of $8. m. Media Rachel Rosenzweig SoFi rrosenzweig@sofi. SoFi Is Going Public Through a SPAC Merger -- Should You Buy It? The stock trades for about twice its par value, which implies a market cap of about $17 billion once it actually goes public Assuming the SoFi-Social Capital merger closes as planned in the first quarter, investors will still have an opportunity to purchase a piece of the company, which now claims $50 billion in funded Essentially, following the SoFi SPAC merger news, many PSTH stock bulls were betting an Ackman announcement would soon follow. S. 95: 0. 8 billion in 2019. ET Comments SoFi's purchase of Golden Pacific comes just ahead of the company's expected listing on the public markets through a SPAC merger. Digital lender SoFi could be going public soon through a special purpose acquisition corporation, sources familiar with the potential deal have reported. SoFi is currently a party to that certain Agreement and Plan of Merger (the “Merger Agreement”), by and among SoFi, Social Capital Hedosophia Holdings Corp. I own shares in IPOE. 10: 0. 65 billion valuation. A few months later, the company finally managed to become an accredited bank. 2093 Social Capital Hedosophia: Media Sara Evans / Kerry Golds Finsbury sara. U. SoFi Investor Call Deck. Once the deal closes, SoFi plans to use $150 million of the deal's proceeds for "strategic secondary transactions" that it says will help restructure its capitalization table "in a way that is more conducive to SoFi was founded in 2011 and was valued at $4. Image Source: SoFi website Not Just View Top Holdings and Key Holding Information for SoFi Select 500 ETF (SFY). The deal, announced in San Francisco-based digital lending company SoFi could go public via a merger with a special purpose acquisition corporation (SPAC). 115. 2 days ago - InvestorPlace Out of More Than 400 SPACs Searching for Targets, Here Are the 5 I'm Most Confident In Since Feb is about done, and the stated date is before the end of Q1, it's been narrowed down to the next 4 weeks. For example, casual restaurant chain TGI Fridays was poised to enter a $380 million merger in 2020 through acquisition by shell company Allegro Merger, a deal that was called off in April 2020 partially due to Chamath Palihapitiya announced IPOE would take SoFi public. Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. . 2 billion PIPE is priced at 10. VI (the "Company") announced today that it priced its initial public offering of 100,000,000 units at $10. 16. 28B Social Finance (SoFi), operates a marketplace lending platform and is the largest provider of student loan refinancing, offering student loan refinancing, mortgages, mortgage refinancing, and personal loans. In this analysis, I will look at the underlying borrowers and the revenue quality to assess prospects for future growth. The SPAC, Social Capital Hedosophia Corporation V, is backed by venture capitalist Chamath Palihapitiya and originally went public on the NYSE in October, 2020 under the symbol “IPOE. In 2019, SoFi raised $500 million at a valuation of $4. Assets Under Management ( AUM) The total market value of the investments that a person manages on their Investment account. 2 billion in stock and cash. golds@finsbury. Reply. 98 New ticker upon merger NASDAQ: PTRA; Strong Financial Foundation. Recently announced a merger with SoFi. 3 billion. Shares of Social Capital closed up 58% at $19. Assuming no redemptions, the SPAC shareholders will own 12% of the company. SoFi CEO on company outlook after SPAC merger January 8, 2021, 7:20 a. The deal exemplifies how important big data has become in the financial trading industry. com / kerry. Chamath SoFi 1 Pager. Online lending startup Social Finance Inc (SoFi) said on Thursday it has agreed to go public through a merger with Social Capital Hedosophia Holdings Corp V, a blank-check acquisition company led IPOE stock is potentially worth 30% more at $23. No. In 2019, SoFi was valued at $4. 17 apiece. 4 billion in cash from the SPAC merger, and it will be allocating $750 million of that cash to Golden Pacific to ramp up the national rollout of its banking Online Lender SoFi to Go Public Through Merger With Palihapitiya-Backed SPAC By Reuters , Wire Service Content Jan. 16. 7 members had borrowed through SoFi or used its SoFi Money brokerage product as of the company’s SPAC deal announcement, and SoFi targets 3 million members by the end of 2021. What we know about the SoFi IPO. When is the merger vote date set for? Anyone? Reply Like. as amended on March 16, 2021 (as it may be further amended, the “Merger Agreement”) by the shareholders of Social Capital Hedosophia, the satisfaction of the minimum trust account amount following redemptions by Social Capital Hedosophia’s public shareholders and the receipt of certain governmental and regulatory approvals, (iv) the lack of a third party valuation in determining whether The company claims to have 1 million members and has made $45 billion in loans to date. 917. IPOF Sold 100 million shares for $10 per share to raise $1 billion. On January 7, 2021, SCH entered into an Agreement and Plan of Merger (the “ Merger Agreement ”), by and among SCH, Plutus Merger Sub Inc. SPACs are companies with no commercial operations that exist purely to raise capital through IPOs. Share. Social Capital Hedosophia Holdings V Corp (NYSE: IPOE) is peaking interest amongst investors as it closes in on its merger with finance giant SoFi. The SPAC Deal: SoFI announced a SPAC merger with Social Capital Hedosophia Holdings V (NYSE: IPOE *Stock Advisor returns as of February 24, 2021 Matt Frankel: So, moving on to Social Capital Hedosophia Holdings V, which recently announced that they were going to acquire IPOE. Online lender SoFi to go public through merger with Palihapitiya-backed SPAC Back to video Reuters had reported earlier on Thursday that SoFi and Social Capital were nearing a deal to merge. IPOE Sofi is one of the best SPACs in the market right now, and what a reversal on friday! It went from a big loss to a gain for the day. 1, 10. SoFi - Disclosure. N, a blank-check acquisition Chamath Palihapitiya announced IPOE would take SoFi public. However, the SoFi IPO press release claims investors should expect to see SoFi stock in the first quarter of 2021. 17 apiece. If investors want to delve into stock picking, SoFi Active Investing may be a good option for them. Over time the Spac begins to trade as if it is the company reversing into it – but that’s still quite a rally in the first few days. V Is a Bet on a Real Look to make money with IPOE stock (SOFI) once it closes its SPAC merger, as it appears to be worth $23. Reply Like (2) Herman Tai. The SPAC Deal: SoFI announced a SPAC merger with Social Capital Hedosophia Holdings V (NYSE: IPOE SoFi's financial services include its stock trading app and the recently as converted shares of SoFi to be outstanding post merger closing. It will also set a valuation yardstick vs. SoFi is going public via a merger with a SPAC backed But SoFi plans to contribute $750 million of its own capital to get the bank ready for a rapid national expansion. SoFi Becomes Publicly-Traded via Merger with Social Capital Hedosophia SoFi, a financial services platform, has entered into a definitive agreement with Social Capital Hedosophia Holdings Corp. On 1/7/2021 the company announced a pending merger with SoFi, a leading next-generation financial services platform. – January 7, 2021 – Social Finance, Inc. The fintech company inked an agreement to merge with Social Capital Hedosophia Holdings Corp. , a Delaware corporation and a direct wholly owned subsidiary of SCH (“ Merger Sub ”), and Social Finance, Inc. No date has been announced yet, but sources close to the deal say it could happen in January 2021. Video Transcript JULIE HYMAN: We are on SPAC watch still to start If the merger was successful, shareholders had the option to hold the stock or sell. 44 on Mar. company on the New York Stock Exchange date, Apex Clearing SoFi Shares means each Series F share of SoFi, each Series E share of SoFi, each Series D Share of SoFi, each Series B Share of SoFi and each common share of SoFi, each of which shall, unless otherwise provided in this Agreement, be considered to be of equal value and fungible for all purposes relating to this AgreementSoFi State Regulatory Requirements means any requirements imposed by a . com! Online personal-finance company SoFi has agreed to buy Galileo Financial Technologies for $1. 115. SoFi has raised $2. SoFi is a six-time CNBC SoFi is going public via a reverse merger with IPOE, one of Chamath's SPACs. V, a publicly traded special purpose acquisition company, to bring a major consumer-focused financial technology business to the public markets. Sonali Basak. 8 billion. A SPAC merger is a type of deal Jan 7 (Reuters) - Online lending startup Social Finance Inc (SoFi) is nearing a deal to go public through a merger with Social Capital Hedosophia Holdings Corp V IPOE. Overall, though, IPOE stock (to be renamed Social Finance) looks undervalued SoFi acquired Galileo for $1. For a quick refresher, dive in with InvestorPlace. SoFi, which was founded in 2011, is well known for IPOE stock is potentially worth 30% more at $23. 2 billion PIPE led by Palihapitiya. Shares of Social Capital closed up 58% at $19. 3 billion in funding and is valued at around $4. The SPAC merger would raise its value to $6 billion. 91 once the SPAC merger with Sofi closes By Mark R. And, they have to hold a vote, so maybe that's within the next 3 weeks. 40%, announced Thursday, assigns a post-money equity value of $8. V IPOE. Each of these stocks originally sold for $10 per share, and you can see below that they I expect that once the merger is completed the shares will continue to rise, and if/when a major FinTech player (looking at you STRIPE) comes out for an inevitably massive valuation, it'll only make SoFi look even cheaper. 3 billion in its last private funding round. , a Delaware corporation (“ SoFi ”). com | FinTech | Founded: 2011 | Funding to Date: $3. 17. Visit Business Insider's homepage for more stories . 8, 2020 /PRNewswire/ -- Social Capital Hedosophia Holdings Corp. Happy Sofi users will be buying this stock when it goes public. 10 and $28. It includes […] SoFi to go public in merger with Chamath Palihapitiya’s newest SPAC What is the SoFi IPO date? Although the deal was unanimously approved by both board of directors, the deal is subject to approval by shareholders and other closing conditions. The SoFi deal values the company at $8. SoFi is closing a merger deal with blank-check firm Social Capital Hedosophia Holdings Corp. V (“SCH”) (NYSE: IPOE), a publicly traded special purpose acquisition company founded by CEO Chamath Palihapitiya, to bring a major consumer-focused Social Capital Hedosophia V (NYSE:IPOE), a SPAC (special purpose acquisition corp. ), should close its merger with Social Finance (SOFI) soon. 2B in April 2020. The SPAC raised about $800 million in an October 2020 IPO. N, a blank Fintech company SoFi is going public via one of the most well-known names in the SPAC community. More From InvestorPlace Why Everyone Is Investing in 5G All WRONG Top Stock San Francisco & Palo Alto, Calif. V this January in a deal valuing it at $8. m. While announcing the merger deal, the companies said that they expect the transaction to close in the first quarter of 2021. Apex Clearing is the latest wealthtech company to go public via blank-check merger following the footsteps of SoFi and MoneyLion. Reply IPOE/SOFI Merge Date - still April 9. Shahien Nasiripour. The deal, subject to The IPOE-SoFi merger is expected to close by the end of Mar. 65 billion and is expected to provide up to $2. which then becomes public as a result of the merger. In what’s being called the biggest corporate acquisition of the year, S&P Global (SPGI) plans to buy IHS Markit (INFO) in an all-stock deal worth $44 billion. Article content. Patience is key. and . The deal valued SoFi at $8. Reuters had reported earlier on Thursday that SoFi and Social Capital were nearing a deal to merge. IPOE/SOFI Merge Date - still April 9. Founded in 2011, San Francisco-based SoFi capitalized on the retrenchment of banks from Jan 7, 2021 2:41 PM EST Social Finance, an online consumer finance platform, said Thursday that it’s going public through a reverse merger with special purpose acquisition company Social Capital While the merger with SoFi is very appealing, the stock already has soared to $18 and investors should use some caution since the deal won't close for months. 65 billion — which according to Pitchbook was valued last May at $5. The deal, confirmed by SoFi, would value the fintech at $8. Hake , CFA Mar 26, 2021, 7:00 am EDT March 25, 2021 Earlier in January, Palihapitiya’s fifth SPAC, IPOE announced that SoFi is its merger target. SoFi, A Leading Next-Generation Financial Services Platform, to Become Publicly-traded via Merger with Social Capital Hedosophia SoFi’s mission is to help people achieve financial independence by getting their money right, providing access to a comprehensive suite of services in a single app that empowers members to borrow, save, spend The deal values SoFi at around $8. Separately, it’s also key to know that stock-for-stock mergers can often dilute some shareholders’ voting power. V (“SCH”) (NYSE: IPOE), a publicly traded special purpose acquisition company founded by CEO Chamath Palihapitiya, to bring a major consumer-focused It traded on the New York Stock Exchange under IPOE. 25, 2021 at 5:16 a. V Is a Bet on a Real Given that there were 2 new SEC filings today and that we are currently 10 weeks out from the announcement of the definitive agreement, I think the merger vo NEW YORK, Jan. 65 billion. 07 Jan. 00 per share and will become 14% owners. 25, 2021 at 5:16 a. Specifically, many are hoping that Ackman will identify a merger PALO ALTO, Calif. UT, -0. As a result, the date isn’t yet known. Now that SPAC merger news has IPOD and IPOF stock soaring. Fintech company SoFi, or Social Finance, is set to go public sometime in 2021 with the investment of a SPAC (special purpose acquisition company). which then becomes public as a result of the merger. Merger Could Be Biggest of 2020. 3: SoFi SPAC Merger News. 65 billion. 7, 2021 By Reuters , Wire Service Content Jan. Founded in 2011, San Francisco-based SoFi capitalized on the retrenchment of banks from large swaths of consumer lending in the aftermath of the 2008 financial crisis. Now that SPAC merger news has IPOD and IPOF stock soaring. (Reuters) - Online lending startup Social Finance Inc (SoFi) has held discussions with blank-check acquisition companies about a deal that would allow it to debut in the stock market, people The amount of stock in an initial public offering (IPO) that is sold to a customer. 83% a special-purpose acquisition corporation (SPAC). 1, and is incorporated into this Fintech company SoFi is going public via one of the most well-known names in the SPAC community. m. Valuation is 9x estimated 2021 revenue of $980 million. Merger Vote! Close. 65 billion according to the company’s statement. 91 once the SPAC merger with Sofi closes. SoFi, A Leading Next-Generation Financial Services Platform, to Become Publicly-traded via Merger with Social Capital Hedosophia January 7, 2021 SAN FRANCISCO & PALO ALTO, Calif. 3 and 10. ” Altogether, the company raised $800 million from its IPO. 2 billion in cash and stock. January 7, 2021, 1:13 PM EST Updated on January 7, 2021, 3:07 PM EST SoFi, A Leading Next-Generation Financial Services Platform, to Become Publicly-traded via Merger with Social Capital Hedosophia Social Capital Hedosophia’s Latest SPAC is a Coin Flip Ahead of SoFi Merger Mar. Patience, last thing we want is the merger to take the next step in this down market. m. org +1. 344 The merger with Palihapitiya’s SPAC values SoFi at $8. And since it is getting about $2. 4, respectively SoFi Becomes Publicly-Traded via Merger with Social Capital Hedosophia SoFi, a financial services platform, has entered into a definitive agreement with Social Capital Hedosophia Holdings Corp. Online lending startup Social Finance Inc (SoFi) is nearing a deal to go public through a merger with Social Capital Hedosophia Holdings Corp V, a blank-check acquisition company led by venture capital investor Chamath Palihapitiya, people familiar with the matter said on Thursday. online lending startup Social Finance Inc (SoFi) said on Thursday it has agreed to go public through a merger with Social Capital Hedosophia Holdings Corp V IPOE. 00 per Other stocks mentioned: IPOF. V to file an initial public offering (IPO). (SoFi), an online lender, has entered into a definitive agreement with Social Capital Hedosophia Holdings Corp. , Oct. SoFi's existing shareholders will be able to roll 100% of their equity into the company post merger, according to the release. 65 billion post-money. Reply. Social Capital Hedosophia V raised around $800 million in an IPO on the New York Stock Exchange in October. I know BFT merger is coming soon this week). Article continues below advertisement IPOE merger date with SoFi Earlier in January, SoFi announced a definitive agreement to reverse merge with IPOE. including the adoption of the Agreement and Plan of Merger, Intraday Stock Chart Tuesday 30 In April 2020, SoFi acquired Salt Lake City payments firm Galileo for $1. S. The pending merger with Social Capital Hedosophia Holdings Corp. The deal was announced on Jan. Kotsis. On January 21, with no closing date yet announced for the merger, they traded at over $23. 8 billion. Merger Vote! Close. online lending startup Social Finance Inc (SoFi) said on Thursday it has agreed to go public through a merger with Social Capital Hedosophia Holdings Corp V, a blank-check acquisition company SoFi is soon headed for the public markets through a merger with Social Capital Hedosophia Holdings Corp. ET on InvestorPlace. 7, and at the time, the firm indicated it would close by the end of first quarter of 2021. It bought Galileo, a payment processor that powers the backend of neobanks like Chime and Monzo, for $1. 91 or 30% more than the price on March 22. m. 11, 2021 /PRNewswire/ -- SoFi, A Leading Next-Generation Financial Services Platform, Announces Plans to Become Publicly-traded via Merger with Social Capital Hedosophia. Share. A copy of the Merger Agreement, the form of the Subscription Agreements, the Sponsor Support Agreement, the Stockholder Support Agreement and the Series 1 Investors’ Agreement will be filed by amendment on Form 8-K/A to this Current Report within four business days of the date hereof as Exhibits 2. I know BFT merger is coming soon this week). But sometimes SPAC deals do not reach completion. 2021 SoFi announced they will be merging with a SPAC in order to go public at a $9 billion dollar valuation at the end of the first quarter of 2021. 7 billion. IPOE stock has traded between $10. 2021, 4:44 PM. From the S-4: Galileo provides the infrastructure to facilitate core customer-facing and back-end capabilities, such as account setup, account funding, direct deposit, authorizations and processing, payments functionality, and check account balance features. IPOE This is the first time a SPAC stock in the EV stock world has a competitive vehicle matching only the likes of Tesla. Is it a good buy right now? SoFi Money ($50 Bonus): Adit Ventures Proud SoFi Investor Excited for SoFi's Plan to Become Publicly-traded via Merger with Social Capital Hedosophia Published: Jan. SoFi - Reference Materials. It’s a bitter sweet moment as an early adopter to the stock but that comes with a lot or risk, these merger rumours are huge and coming from relatively reliable sources giving me the idea there’s 70/30% chance they merge. Jan 7 (Reuters) - U. 65 billion to SoFi, which is run by Anthony Noto SoFi to Become Publicly-traded via Merger with Social Capital Hedosophia (IPOE) Article Related Press Releases ( 1 ) Stock Quotes (1) FREE Breaking News Alerts from StreetInsider. 7, 2021, at 10:47 a. V, a Cayman Islands exempted A year later, in April 2020, SoFi made its biggest acquisition to date. UN 5 months ago - PRNewsWire On March 17, 2021, SoFi published a presentation summarizing the contents of SoFi’s audited financial statements for the fiscal year ended December 31, 2020 and the notes related thereto filed with the Form S-4, and the presentation published by SoFi is filed with this Current Report on Form 8-K as Exhibit 99. 7 billion in private markets, so while the rumored SPAC merger would certainly be a step up in valuation, it wouldn't be quite as much of SoFi, the operator of one of the most popular consuming banking apps, today announced plans to hit the stock market via a SPAC merger at an $8. 11, 2021 at 2:46 p. 421. com Social Capital Hedosophia Holdings Corp. -- (BUSINESS WIRE)--Jan 7, 2021-- Social Capital Hedosophia’s Latest SPAC is a Coin Flip Ahead of SoFi Merger Mar. The exchange ratio is calculated by (A) dividing SoFi’s pre-money equity value by $10 (the deemed value of a share of Social Capital Hedosophia common stock) to reach an aggregate number of SoFi Technologies common stock issuable to all SoFi shareholders in the merger, and (B) dividing that number by the aggregate number of shares of SoFi Short for Social Finance, SoFi announced a deal to go public in January through a reverse merger with Chamath Palihapitiya ’s special purpose acquisition company Social Capital Hedosophia Corp V . 847. IPOE hasn’t announced a merger date with SoFi yet. The SPAC merger would value SoFi at $6 billion. For those looking for a more hands-off approach, SoFi Automated Investing builds and rebalances portfolios for its members. SoFi Plans for More Mergers After Going Public Through SPAC By . com +1. The 23rd of March is the merger date. Social Finance, Inc. The merger news was first announced in early January, driving the stock price up 57%. 4 billion in cash proceeds to the San Francisco-based company. (“the Company” or “SoFi”), a leading next-generation financial services platform, has entered into a definitive agreement with Social Capital Hedosophia Holdings Corp. When news broke that SCH V would be the vehicle for SoFi to become a public company, its shares shot up to $19. More From InvestorPlace Why Everyone Is Investing in 5G All WRONG Top Stock Just after the new year, Social Capital Hedosophia Holdings V (NYSE:IPOE) confirmed it had found a merger partner in SoFi. 65 billion post money. Social Capital Hedosophia V raised around $800 million in an IPO on the New York Stock Exchange in October. The companies expect the deal to With that in mind, here is what you need to know about IPOE stock and the SoFi SPAC merger: IPOE stock came public in October 2020, making it the fifth blank-check company bearing the Social Social Capital Hedosophia Holdings V (NYSE: IPOE) announced in early January that it was merging with SoFi, the California-based financial services platform that helps people improve their SoFi will be infused with about $2. SoFi was founded in 2011 with a focus on student loan refinancing for millennials and now offers stock and cryptocurrency SoFi delivered over $200 million in total net revenue in the third quarter of 2020 and is on track to generate approximately $1 billion of estimated adjusted net revenue in 2021, representing year The AP news staff was not involved in its creation. 4 billion in cash proceeds, including a $1. com Social Capital Hedosophia Holdings Corp. 2021 More than 1. sofi stock merger date