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Exclusive: SoFi nears deal to go public with SPAC backed by venture capital investor Palihapitiya -sources


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Jan 7 (Reuters) - Online lending startup Social Finance Inc (SoFi) is nearing a deal 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, people familiar with the matter said on Thursday.
The deal would value SoFi at more than $6 billion and could be announced in the coming days, the sources said, cautioning that the talks could still collapse and the terms could be changed.
The sources requested anonymity because the negotiations are confidential. SoFi and Social Capital did not immediately respond to requests for comment. ....

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SoFi nears deal to go public with SPAC backed by venture investor Palihapitiya: Report


SoFi nears deal to go public with SPAC backed by venture investor Palihapitiya: Report
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SoFi nears deal to go public with SPAC backed by venture investor Palihapitiya: Report
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. REUTERS/Brendan McDermid/File Photo
07 Jan 2021 11:50PM
(Updated:
08 Jan 2021 01:19AM)
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LONDON: Online lending startup Social Finance (SoFi) is nearing a deal 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, people familiar with the matter said on Thursday. ....

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