Overview
- SoFi completed an equity sale of about $1.5 billion at $27.50 per share, and the stock closed Jan. 6 down 7.8% at $26.98.
- Trading volume surged to 118.7 million shares, roughly 74% above the three‑month average, highlighting heavy post‑deal activity.
- Analysts and market commentary attributed the selloff primarily to dilution from the new shares rather than operational changes.
- Options trading has spiked, pushing implied volatility higher into the upcoming Q4 report, which investors see as a key catalyst.
- Management has flagged crypto expansion—including a fully reserved stablecoin—and potential acquisitions as uses for the new capital, with the stock valued near 47x forward earnings against ~25% 2026 revenue growth forecasts.