Fintech company SoFi Technologies is looking to raise $1.50 billion by issuing new shares to expand its product line beyond lending.
According to the statement, the company is working with Goldman Sachs Group to advance the rights issue. According to people familiar with the matter, the issue price range is $27.50 to $28.50 per share, which is about a 7.1% discount from Thursday's closing price of $29.60.
SoFi plans to raise $1.50 billion through a rights issue to expand more product lines
2025-12-04 22:58:19
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