SoFi Announces $1.5 Billion Public Offering, Stock Falls Over 6%
Dec 5, 2025
SoFi Technologies, a financial technology company, has launched a public offering to sell $1.5 billion worth of its common stock. The company priced 54,545,454 shares at $27.50 each. All of the shares in this offering will be sold by SoFi, not by existing shareholders.
The underwriters have been given a 30-day option to buy up to 15% more shares, which could increase the amount raised. SoFi plans to use the money from the stock sale to fund new business opportunities.
After the announcement, SoFi's stock price dropped more than 6% in after-hours trading. This offering follows a period where SoFi's market value nearly doubled in 2025.
Why is SoFi selling more shares?
SoFi wants to raise money to fund new business opportunities and growth plans.
What happens when a company issues more shares?
Issuing more shares can dilute existing shareholders' ownership and often causes the share price to drop, at least in the short term.
How did investors react to the announcement?
SoFi's stock price fell by more than 6% after the announcement of the stock offering.
Do existing shareholders have to buy more shares?
No, but if they do not buy more shares in the offering, their ownership percentage in the company may decrease.
Sources
SoFi Technologies, Inc. Announces Public Offering of Common Stock
Business Wire
Business Wire
SAN FRANCISCO--(BUSINESS WIRE)--SoFi Technologies, Inc. (NASDAQ: SOFI) (“SoFi” or the “Company”) today announced an underwritten public offering of $1.5 billion of shares of its common stock. In connection with the offering, SoFi expects to grant the underwriter a 30-day option to purchase up to an...
SoFi's stock drops on $1.5 billion share sale announcement
CNBC
CNBC
SoFi announced the public offering of $1.5 billion in stock. The share sale comes after the fintech company's market cap almost doubled so far in 2025.
SoFi Technologies, Inc. Announces Pricing of Public Offering of Common Stock
Business Wire
Business Wire
SAN FRANCISCO--(BUSINESS WIRE)--SoFi Technologies, Inc. (NASDAQ: SOFI) (“SoFi” or the “Company”) today announced that it has priced its previously announced underwritten public offering of 54,545,454 shares of its common stock at a price of $27.50 per share, for total gross proceeds of approximately...
SoFi Aims to Raise $1.5 Billion to Fund Additional Business Opportunities
PYMNTS
PYMNTS
SoFi Technologies is looking to fund additional business opportunities with an underwritten public offering of $1.5 billion of shares of its common stock.
SoFi's red-hot stock drops after plan to raise $1.5 billion in stock offering
Market Watch
Market Watch
Shares of SoFi Technologies Inc. sank more than 6% in after-hours trading Thursday, after the fintech company announced plans for a $1.5 billion stock offering.
Related Posts
Other News
Corporate Moves
View All
Amazon May End US Postal Service Partnership to Expand Own Delivery Network
11 hours ago
AMZN
-1.41%
Amazon is reportedly considering ending its long-running contract with the United States Postal Service (USPS). This change would allow Amazon to rely more on its own growing nationwide delivery netwo...
Meta to Make Deep Cuts to Metaverse Budget as AI Becomes Priority
13 hours ago
META
+3.43%
Meta Platforms CEO Mark Zuckerberg plans to significantly cut spending on the company's metaverse efforts, according to reports from Bloomberg News. The expected budget cuts could be as much as 30% fo...
Meta Hires Apple Design Executive Alan Dye to Lead New Creative Studio
Dec 4, 2025
AAPL
-1.21%
META
+3.43%
Meta Platforms has hired Alan Dye, who was Apple's head of user interface design for the past decade. Dye is leaving Apple to lead a new creative studio within Meta's Reality Labs division.
The new s...
Product Launches
View All
Amazon Unveils New AI Chips and Tools to Boost Cloud Capabilities
Dec 2, 2025
AMZN
-1.41%
Amazon Web Services (AWS) has introduced new artificial intelligence (AI) chips and software tools aimed at improving the performance and reliability of its cloud computing services.
A key highlight...
Samsung Launches World’s First Triple-Folding Smartphone, the Galaxy Z TriFold
Dec 2, 2025
005930
+1.9%
Samsung Electronics has unveiled its first multi-folding smartphone, the Galaxy Z TriFold. This new device folds inward twice, creating a three-panel design with a large 10-inch inner display.
The la...
Amazon and Google Launch Joint Multicloud Networking Service
Dec 1, 2025
GOOGL
-0.63%
AMZN
-1.41%
Amazon and Google have announced a new multicloud networking service to improve connectivity between their cloud platforms. This jointly developed solution is designed to provide businesses with a fas...
Regulatory Actions
View All
New York Times Sues Pentagon Over Restrictive Press Rules
9 hours ago
NYT
-0.25%
The New York Times has filed a lawsuit against the U.S. Department of Defense and Defense Secretary Pete Hegseth over new press rules at the Pentagon. The newspaper claims that the new policy restrict...
EU Launches Antitrust Investigation into Meta’s Use of AI in WhatsApp
19 hours ago
META
+3.43%
The European Union has started an antitrust investigation into Meta Platforms, the company that owns WhatsApp, over its use of artificial intelligence (AI) features within the messaging app.
EU regul...
Costco Sues U.S. Government to Recover Tariff Payments Imposed Under Trump Administration
Dec 2, 2025
COST
-2.86%
Costco has filed a lawsuit against the U.S. government, seeking to recover tariffs it paid on imported goods under orders made by former President Donald Trump. The case focuses on tariffs enacted und...
Earnings
View All
Rubrik Shares Surge After Better-Than-Expected Q3 Fiscal 2026 Results
6 hours ago
RBRK
-1.37%
Rubrik, Inc. (NYSE: RBRK) reported its financial results for the third quarter of fiscal year 2026, ending October 31, 2025. The company announced record net new subscription annual recurring revenue...
Samsara Reports Strong Q3 Results with First Profit, Stock Reaction Mixed
6 hours ago
IOT
+4.36%
Samsara Inc. (NYSE: IOT), a company specializing in connected operations platforms, announced strong financial results for the third quarter of fiscal year 2026.
The company reported $416 million in...
HPE Reports Strong Q4 Profits but Sees Lower Revenue Ahead
7 hours ago
HPE
+2.88%
Hewlett Packard Enterprise (HPE) reported its financial results for the fourth quarter of fiscal 2025, ending October 31. The company delivered profitable growth and completed its acquisition of Junip...
Stock Movements
View All
SoFi Announces $1.5 Billion Public Offering, Stock Falls Over 6%
1 hour ago
SOFI
+1.82%
SoFi Technologies, a financial technology company, has launched a public offering to sell $1.5 billion worth of its common stock. The company priced 54,545,454 shares at $27.50 each. All of the shares...
Nvidia Gains as AI Chip Demand Rises and Export Challenges Ease
15 hours ago
NVDA
+2.11%
Nvidia's stock price rose after reports that the company has won a political battle involving restrictions on AI chip exports. Nvidia has faced uncertainty due to potential limits on selling its advan...
Microsoft Lowers AI Sales Targets After Customers Resist New Products
Dec 3, 2025
MSFT
+0.65%
Microsoft has lowered its sales growth targets for certain artificial intelligence (AI) products. This decision comes after reports that many of the company's sales teams did not meet their goals for...
Economy
View All
ADP Report: Private Sector Lost 32,000 Jobs in November, Wages Up 4.4% Over Year
Dec 3, 2025
According to the November ADP National Employment Report, private sector employment in the United States decreased by 32,000 jobs. This data was compiled by ADP Research in collaboration with the Stan...
Nvidia's AI Chip Leadership Spurs Industry Growth and Component Shortages
Dec 2, 2025
NVDA
+2.11%
Nvidia, a leader in artificial intelligence (AI) chips, continues to drive strong growth in the technology sector. The company has seen high demand for its graphics processing units (GPUs), particular...
Cyber Monday Online Sales in US Expected to Reach $14.2 Billion, UK Shoppers Spend $5 Billion Over Black Friday Weekend
Dec 2, 2025
Adobe Analytics forecasts that U.S. shoppers will spend $14.2 billion online during Cyber Monday. This prediction comes as many consumers continue to look for discounts and promotions while managing t...
Analyst Ratings
View All
‘Big Short’ Investor Michael Burry Calls Tesla ‘Ridiculously Overvalued’
Dec 1, 2025
TSLA
+1.74%
Michael Burry, the investor known for predicting the 2008 financial crisis, has criticized Tesla's stock valuation. In a recent blog post, Burry described Elon Musk's electric car company as 'ridiculo...
Carvana Stock Upgraded by Wedbush, Price Target Raised to $400
Nov 24, 2025
CVNA
+0.97%
Carvana, an online used car retailer, saw its stock rise over 7% on Monday after analysts at Wedbush Securities upgraded the stock from 'Neutral' to 'Outperform.'
Wedbush analysts raised their 12-mon...
Dell Stock Falls After Morgan Stanley Downgrade Over Memory Chip Costs
Nov 17, 2025
DELL
+4.01%
Dell Technologies shares dropped by about 7% to $124.44 after Morgan Stanley downgraded the stock from 'overweight' to 'underweight' and lowered its price target to $110. The downgrade reflects concer...
Mergers & Acquisitions
View All
Hims & Hers Expands Into Canada After Acquiring Digital Health Platform Livewell
9 hours ago
HIMS
+7.96%
Hims & Hers Health, a leading US digital health company, has officially expanded its services into Canada. This move follows its recent acquisition of Livewell, a Canadian digital health platform know...
Netflix Leads Bidding War for Warner Bros. Discovery Amid Investor Concerns
15 hours ago
NFLX
-0.71%
WBD
-0.12%
Warner Bros. Discovery, the company behind HBO and CNN, is currently considering offers from multiple companies, including Netflix, Comcast, and Paramount. According to reports, Warner Bros. prefers N...
Marvell Technology to Acquire Celestial AI in Multi-Billion-Dollar Deal
Dec 2, 2025
MRVL
-2%
Marvell Technology has announced it will acquire Celestial AI, a startup specializing in photonic chip technology, in a cash-and-stock deal valued at over $5 billion. This agreement marks a significan...
IPO
View All
Navan Raises $923 Million in IPO Amid US Government Shutdown
Oct 30, 2025
NAVN
-6.92%
Navan, a business travel and expense management company, has completed its initial public offering (IPO) by selling 36,924,406 shares of its Class A common stock at $25 per share. The IPO raised appro...
Beta Technologies Launches IPO, Aiming to Raise Up to $825 Million
Oct 16, 2025
BETA
+1.15%
Beta Technologies, a company that makes electric aircraft, has set the terms for its initial public offering (IPO) in the United States.
The company plans to offer 25 million shares of its Class A co...
Fermi Shares Surge After High-Profile IPO Despite Lack of Revenue
Oct 2, 2025
FRMI
+8.53%
Fermi Inc., a start-up focused on building large data centers for artificial intelligence, saw its stock price soar following its initial public offerings on both the Nasdaq in New York and the London...
