SoFi (IPOE) is a Fintech company that provides an all-in-one solution to all your financial needs. The merger with Palihapitiya’s SPAC, Social Capital Hedosophia Corp V, will value SoFi at $8.65 billion. SoFi said it expects to generate about $1 billion of adjusted net revenue in 2021, a 60% jump year-over-year. Founded in 2011, SoFi capitalized on the retrenchment of banks from large swaths of consumer lending in the aftermath of the 2008 financial crisis. Source: Shutterstock To start, investors should get a sense of the basic story. The fintech, last valued at $5.7 billion, plans to execute its initial public offering (IPO) via a merger with a blank-check company run by venture capital (VC) investor Chamath Palihapitiya. 8 mins Arcosa Trades At Fair Value And Is Now A Hold Seeking Alpha 19 mins New to the Stock Market? (Reuters) - U.S. 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 by venture capital investor Chamath Palihapitiya. SoFi, the personal and student finance lender which branched out into payments and banking infrastructure last year with its $1.2 billion Galileo acquisition, is going public.. Online Lender SoFi to Go Public Through Merger With Palihapitiya-Backed SPAC, FILE PHOTO: Chamath Palihapitiya, Founder and CEO of Social Capital, presents during the 2018 Sohn Investment Conference in New York City, U.S., April 23, 2018. SoFi is going public via a SPAC backed by billionaire investor Chamath Palihapitiya, according to an announcement made on CNBC on Thursday. Income investors should look for growing payouts, not dividend yield alone. SPACs Attack Recap: SoFi, IPOE, GXGX, ACEV Deals Plus Rumors And Headlines For Week Ending Jan. 8 By Chris Katje of Benzinga.com Saturday, January 9, 2021 3:52 PM EST The SPACs Attack show airs live on Benzinga YouTube Monday through Friday at 11 A.M. EST breaking down SPAC news and deals, and interviewing CEOs. An MBA or CFA can enhance financial advisors' careers and boost their salaries. SoFi is primarily an online lender, offering personal loans, student loan refinancing, and other lending products, in addition to a stock trading platform and robo-advisor. But the company isn’t going public via a traditional IPO. Will 2021 be the year blockchain technology gains worldwide traction? SoFi also spoke seriously with three other SPAC sponsors. Publishing date: Jan 07, 2021 • January 7, 2021 • 2 minute read. and have not been previously reviewed, approved or endorsed by any other A SPAC is a shell company that raises money in an IPO to merge with a privately held company that then becomes publicly traded as a result. Reuters had … Share Share Article via … I may earn a small commission if you click them and make a purchase. Please do your own due diligence and research before buying any stock. He raised $600 million for his first SPAC, Social Capital Hedosophia Holdings, in 2017. It started with refinancing student loans and expanded into mortgages and personal loans. Matt Whittaker and Mark ReethJan. Special purpose acquisition companies (SPAC) have become a popular alternative for companies. SoFi nears deal to go public with SPAC backed by venture capital investor Palihapitiya -sources. FILE PHOTO: Chamath Palihapitiya, Founder and CEO of Social Capital, presents during the 2018 Sohn Investment Conference in New York City, U.S., April 23, 2018. Arnab Shome | News | Friday, 08/01/2021 | 09:03 GMT+2 2021-01-08T07:03:41+00:00 2021-01-08T12:24:15+00:00. Here is a look back at some of … Many domestic small-cap companies stand to perform better as the economy recovers. They have loans, insurance, investments, credit cards, and chequing account. Stocks Keywords Contributors Users. on this page is accurate as of the posting date; however, some of our partner offers may have expired. Photo: Bloomberg. As an investor since 2014 in San Francisco-based Social Finance (SoFi) — an online provider of student loan refinancing, mortgages, personal loans, stock and cryptocurrency trading, and wealth management services — I was pleased to learn that it is poised to go public in a deal that will value the … The company said in October it had received preliminary approval from U.S. regulators for its application for a national bank charter. Chamath Palihapitiya made waves when he announced the fifth Social Capital Hedosophia SPAC would take SoFi public. President Joe Biden stresses unity in his inaugural address. SoFi will go public through a so-called reverse merger with a blank-check company that is already public. Comparative assessments and other editorial opinions are those of U.S. News In the case of Bakkt, the cryptocurrency-powering entity, a SPAC made some sense at first blush. The stock made it to $33.05 by early 2018 before stalling out for roughly a year and a half.Related Link: Here's How Much Investing ,000 In JPMorgan Stock 5 … Defined outcome funds can help reduce risk in your investing portfolio. New unemployment claims tick up while investors await the unveiling of fresh coronavirus relief. The post IPOE Stock: 9 Things to Know Ahead of the SoFi … Stocks. The company is growing, and that’s partly why SoFi is going public now. The show confirmed the deal live on air Thursday. Social Finance Inc. is planning for takeovers after agreeing to go public in a merger with a blank-check company that values the upstart at around $8.7 billion. Could SoFi (IPOE) Stock be a top and best Fintech stock to buy? This is Chamath Palihapitiya newest SPAC merger. Is the stock still worth buying at these heights? BUYING NOW! These 'dividend aristocrats' in the S&P 500 have paid and increased their dividend every year for 25-plus straight years. Reuters had reported earlier on Thursday that SoFi and Social Capital were nearing a deal to merge. The pending merger … Retail sales disappoint as a new $1.9 trillion relief package is outlined. He succeeded SoFi co-founder Mike Cagney, who stepped down in 2018. Fintech company SoFi is going public via one of the most well-known names in the SPAC community.The SPAC Deal: SoFI announced a SPAC merger with Social Capital Hedosophia Holdings V … REUTERS/Brendan McDermid/File Photo, California Do Not Sell My Personal Information Request. By Joshua Franklin, Anirban Sen, Krystal Hu. Shares of Social Capital closed up 58% at $19.17 apiece. Share this article. The deal values SoFi at around $8.65 billion and is expected to provide up to $2.4 billion in cash proceeds to the San Francisco-based company. SoFi is an online lender offering personal loans, mortgages, and student loan refinancing, as well as newer products and services like stock trading, a robo-advisor, and a credit card. 3 Reasons To Buy SoFi Stock After Its SPAC IPO Forbes - Peter Cohan. Social Finance (SoFi), an online lending startup, is holding talks about selling to a blank-check acquisition company to help it debut on the stock market. Wealth of Knowledge is a weekly podcast featuring tips and expert insight on all things money: personal finance, careers, investing, real estate and more. From checking credentials to understanding fees, here's how to research a financial advisor. Advisors are accustomed to steering people toward less emotional decisions. "Our goal is to build a one-stop financial platform and our diversified products can help us navigate both a high interest and low-interest environment," SoFi Chief Executive Anthony Noto told Reuters in an interview, adding the company has seen home loan refinancing business and investment products growing fast in the past year. They are in a battle royale with all the other Fintech companies, but I think that SoFi (IPOE) stock is well positioned. Lastly, there is no guarantee given regarding the accuracy of information on this channel._____________________________For Business Inquiries: edwardlin0795@gmail.com These top stock picks could have big first quarters. SoFi had planned to go public through a traditional initial public offering (IPO) in 2021 after raising money in a private round but chose the SPAC route because it preferred the deal certainty and the ability to make projections in talks with investors, Noto said. How financial advisors can help small-business owners prepare for retirement during uncertain times. Let's dive into my SoFi (IPOE) stock analysis. These affiliate commissions are used to help fund this channel.I am not a financial advisor, this is all strictly my opinion. SoFi plans to use the proceeds to pay back debt from the $1.2 billion acquisition last year of payment software Galileo and to grow its business. As of 12:30 p.m. EST, the SPAC led by notable … It could be a challenging year ahead for bond investors. Social Capital Hedosophia V is one of three so-called special purpose acquisition companies (SPACs) backed by U.S. investor Palihapitiya and London-based Ian Osborne that are currently looking for acquisitions. Should you need such advice, consult a licensed financial advisor. With online shopping still a small percentage of total retail spending, the e-commerce boom continues to have legs. The company has also branched out into stock trading and cash management accounts. ; SoFi … SoFi Takes SPAC Route for Public Listing with $8.65B Valuation Share prices of the SPAC soared after the confirmation of the deal. Social Capital Hedosophia Holdings Corp V is his third SPAC. His announcement sent IPOE stock soaring, and … Any videos that I create should not be used as professional financial advice. SoFi, on the surface, seemed less obvious. Joshua Franklin and Anirban Sen and Krystal Hu. entities, such as banks, credit card issuers or travel companies. The deal values SoFi at around $8.65 billion and is expected to provide up to $2.4 billion in cash proceeds to the San Francisco-based company. SoFi … Chamath Palihapitiya, CEO of Social Capital (NASDAQ:IPOE), has announced that SoFi will go public via a SPAC deal that is worth $8.65 billion via CNBC. (Reporting by Joshua Franklin in Miami, Anirban Sen in Bangalore and Krystal Hu in New York; Editing by Matthew Lewis and Rosalba O'Brien). SoFi nears deal to go public with SPAC backed by venture capital investor Palihapitiya, sources say . He decided to go with this company because this company is trying to solve an issue with our current banking system. Finance Magnates Telegram Channel; Online lending platform Social Finance, popularly known as SoFi, … It started with refinancing student loans and expanded into mortgages and personal loans. The key investor takeaway is that SoFi is an appealing investment once the business combination with the IPOE SPAC closes in a few months. EXCLUSIVE-SoFi nears deal to go public with SPAC backed by venture investor Palihapitiya -sources. Some say the tech sector has not topped out yet and may still have room to grow. They have emerged as a popular IPO alternative for companies, providing a path to going public with less regulatory scrutiny and more certainty over the valuation that will be attained and funds that will be raised. Netflix faces more competition than ever before. This is Chamath Palihapitiya newest SPAC merger. Subscribe to our daily newsletter to get investing advice, rankings and stock market news. Palihapitiya has been one of the most prolific sponsors of SPACs, merging them with a range of companies, from space tourism firm Virgin Galactic Holdings Inc to home-selling platform Opendoor Technologies Inc. Social Capital Hedosophia V raised around $800 million in an IPO on the New York Stock Exchange in October. Published Thu, Jan 7 2021 10:52 AM EST. SoFi Stock: SPAC IPO. Bottom line: “Founded in 2011, SoFi capitalized on the retrenchment of banks from large swaths of consumer lending in the aftermath of the 2008 financial crisis. Financial services platform SoFi Inc. is planning to come public via a merger with a special-purpose acquisition company, or SPAC. 3 Things to Know Before You Buy Airline Stocks – Motley Fool The Motley Fool 20 mins … IBM’s AI supercomputer likes these stocks. By putting SoFi stock on the market, the company can use funds to further that growth. The merger values SoFi at an equity value of … 15, 2021, Investing for Retirement: How to Design A Plan that Anticipates the Unexpected, The Most Important Ages for Retirement Planning: Age 50, The Most Important Ages for Retirement Planning: Age 59 ½, The Most Important Ages for Retirement Planning: Age 65, The Most Important Ages for Retirement Planning: Age 66, The Most Important Ages for Retirement Planning: Age 70 ½. The content on this channel is for educational purposes only. Investors should consider adding small-cap stocks to their portfolio. Article content. 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, … After my research, there's a lot of things I want to go through. What happenedShares of Social Capital Hedosophia Holdings III (NYSE: IPOC) were rising on Thursday. SPAC Deals: The big deal of the week was SoFi announcing a merger with Social Capital Hedosophia Holdings Corp V (NYSE:IPOE). The content As IPOE stock races ahead, here is what you need to know about the upcoming SoFi SPAC merger. SoFi nears deal to go public with SPAC backed by venture investor Palihapitiya: Report. Noto is a former Goldman Sachs Group Inc investment banker and Twitter Inc's ex-chief operating officer. Author of the article: Reuters. REUTERS/Brendan McDermid/File PhotoReuters, By Joshua Franklin, Anirban Sen and Krystal Hu. Let's dive into my SoFi (IPOE) stock analysis. Please enjoy my SoFi (IPOE) Stock Analysis!Please like, comment, subscribe, and hit that notification bell!00:00 - Intro00:33 - Overview of the Company and CEO02:15 - Investment Strengths03:45 - SoFi's Competition05:16 - SoFi's Business Model06:46 - Risks with SoFi07:45 - Valuation and Financials08:42 - My Thoughts on SoFi (IPOE) Stock_____________________________Follow me on Social:Twitter: https://twitter.com/edwardlin0795_____________________________Recommended Books:Start With Why: https://amzn.to/38nkwWkHow to Win Friends and Influence People: https://amzn.to/358pzIbThink and Grow Rich: https://amzn.to/3p3qnGd_____________________________My Youtube Setup:Camera: https://amzn.to/2IcpRonLens: https://amzn.to/32nwsDnMicrophone: https://amzn.to/3bucqMZ_____________________________SOFI (IPOE) STOCK ANALYSIS - BEST SPAC MERGER OF 2021?#sofistock #ipoe #ipoestock_____________________________Disclaimer: The links above this page are affiliate links. 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