What Should Investors Know Ahead Of The Potential Lucid Motors SPAC Merger? Online lender SoFi to go public through merger with Palihapitiya-backed SPAC Back to video Reuters had reported earlier on Thursday that SoFi and Social Capital were nearing a deal to merge. After the company is officially public through the new SPAC IPO deal, investors can purchase shares of the stock through their usual platform or brokerage. The merger values SoFi at … SoFi to Go Public Through SPAC Merger at $8.6B Valuation - CoinDesk. coindesk.com. Jan 7 (Reuters) - 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 IPOE.N, a blank-check acquisition company led by venture capital investor Chamath Palihapitiya. The San Francisco-based business reached a valuation of $5.8 billion earlier this year, according to a PitchBook estimate. Read more. Social Capital Hedosophia Holdings Corp V is his third SPAC. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. Previously, CEO Anthony Noto was a COO at Twitter and a partner at Goldman Sachs. It started with refinancing student loans and expanded into mortgages and personal loans. SoFi is expected to go public through the SPAC route in the first quarter of 2021, according to a press release from SoFi. Create your Watchlist to save your favorite quotes on Nasdaq.com. Social Capital Hedosophia V raised around $800 million in an IPO on the New York Stock Exchange in October. January 7, 2021, 10:13 AM PST. SoFi nears deal to go public with SPAC backed by venture capital investor Palihapitiya -sources. Rights to redeem shares expire Dec. 17, the SPAC said in a press release. As one of the top players in the finance industry, investors are eager for SoFi stock to hit the market. Joshua Franklin and Anirban Sen and Krystal Hu. © 2021, Nasdaq, Inc. All Rights Reserved. TechCrunch gives Palihapitiya credit for most of SPACs' popularity in the past year and a half. The publicly traded SPAC, Social Capital Hedosophia Holdings Corp. V (NYSE:IPOE) has agreed to merge with SoFi in a deal that values the fintech at $8.65 billion. The company confirmed the rumors, according to TechCrunch. Publishing date: Jan 07, 2021 • January 7, 2021 • 2 minute read. 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. Author of the article: Reuters. By Joshua Franklin, Anirban Sen and Krystal Hu. It's expected some $2.4bn will be heading SoFi’s way as part of the deal with Chamath Palihapitiya's special purpose acquisition company. The deal, confirmed by SoFi, would value the fintech at $8.65 billion according to the company's statement. )+[a-z]{2,63}/i);}, failureMessage: "Value must not contain any URL's"});field5.add(Validate.Presence, {failureMessage:"This field is required"});field5.add(Validate.Length, {tooShortMessage:"Invalid length for field value", tooLongMessage: "Invalid length for field value", minimum: 4, maximum: 4});function handleFormSubmit(ele) { var submitButton = ele.querySelector('input[type=submit]'); var spinner = document.createElement('span'); spinner.setAttribute('class', 'loader'); submitButton.setAttribute('disabled', true); submitButton.style.cursor = 'wait'; submitButton.parentNode.appendChild(spinner); return true; }function resetSubmitButton(e){ var submitButtons = e.target.form.getElementsByClassName('submit-button'); for(var i=0;i
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