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SoFi Technologies, Inc. Announces Pricing of Public Offering of Common Stock

1. SoFi priced a public offering of 71.9 million shares at $20.85 each. 2. This offering may raise approximately $1.5 billion in gross proceeds.

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Why Bullish?

The capital raised through the public offering can enhance SoFi's financial position, enabling potential investments and growth initiatives. Historically, successful offerings have led to stock appreciation for firms leveraging the funds effectively.

How important is it?

The public offering demonstrates SoFi's intent to expand or stabilize its operations, indicating potential growth. Such activities are critical for stakeholder confidence and can strongly influence market sentiment.

Why Short Term?

The immediate influx of capital from this offering may stimulate investor confidence in the short term. This usually results in increased trading activity and positive price action within months of offering announcements.

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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 71,942,450 shares of its common stock at a price of $20.85 per share, for total gross proceeds of approximately $1.5 billion, before deducting underwriting discounts and commissions and offering expenses payable by the company. In addition, SoFi has granted the underwriters a 30-day option to purchase up to a.

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