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Recently Publicly Listed SoFi Receives Higher Price Target on Potential to Challenge Old Banks

Recently Publicly Listed SoFi Receives Higher Price Target on Potential to Challenge Old Banks
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SoFi to Allow Retail Investors to Invest in Certain SPAC IPOs


SoFi to Allow Retail Investors to Invest in Certain SPAC IPOs
Following
SoFi’s public float via a special purpose acquisition company (SPAC), the Fintech said it will allow retail investors to participate in IPOs in certain blank check firms.
SoFi (NASDAQ:SOFI), a one-stop-shop that offers a multitude of financial services, challenges Robinhood in targeting a younger generation of investors. Last month, SoFi listed shares on the Nasdaq as part of a SPAC deal with
Chamath Palihapitiya’s Social Capital Hedosophia Holdings Corp. V.
 
Today @anthonynoto rang the opening bell on @Nasdaq, celebrating SoFi’s first day as a publicly traded company. We’re so excited to help a whole new generation of people get their money right: https://t.co/rm0tqltZNC#SoFiListedpic.twitter.com/BEMMMSTKML ....

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SoFi Trades on Nasdaq Following SPAC Deal


SoFi Trades on Nasdaq Following SPAC Deal
Leading Fintech
SoFi (NASDAQ:SOFI) has successfully listed on the Nasdaq as part of a SPAC deal with
Chamath Palihapitiya’s Social Capital Hedosophia Holdings Corp. V.
SoFi was valued at $8.65 billion post-money and the deal is expected to provide up to $2.4 billion in cash proceeds, including a PIPE of $1.2 billion, and up to $805 million of cash held in the trust account of Social Capital Hedosophia Holdings Corp. V. The vote to confirm the SPAC deal saw the vast majority of shareholders approve the merger.
In a blog post, SoFi CEO
Anthony Noto thanked his team while explaining their mission that is more than saving, investing and budgeting: ....

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