SoFi Technologies, Inc. announced the pricing of its underwritten public offering of 71,942,450 shares of its common stock at a price of $20.85 per share. This offering is expected to generate total gross proceeds of approximately $1.5 billion.
SoFi has also granted the underwriters a 30-day option to purchase up to an additional 10,791,367 shares of its common stock at the public offering price. All of the shares in the offering will be sold by SoFi.
The net proceeds are intended for general corporate purposes, including working capital and other business opportunities. The offering is expected to close on July 31, 2025, subject to customary closing conditions.
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