Overview
- The offering includes a 30-day underwriter option to purchase up to 15% additional shares.
- Goldman Sachs leads the syndicate with BofA Securities, Citigroup, Deutsche Bank Securities, and Mizuho Securities participating.
- Shares fell nearly 6% in after-hours trading following the announcement, after closing up 1.8% at $29.60 during regular hours.
- Recent results showed strong momentum with Q3 revenue up 38% to $961.6 million and net income more than doubling to $139.4 million.
- SoFi reported approximately $3.25 billion in cash and equivalents as of Sept. 30, and some analysts point to potential S&P 500 inclusion during the upcoming rebalancing.