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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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Mercado vs Reddit: ¿cuánto durará WALLSTREETBETS?

Mercado vs Reddit: ¿cuánto durará WALLSTREETBETS?
iprofesional.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iprofesional.com Daily Mail and Mail on Sunday newspapers.

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Asian Fintech Grab May Pursue US IPO

Asian Fintech Grab May Pursue US IPO
Southeast Asian Fintech
Grab may pursue an initial public offering (IPO) during 2021, according to a report.
Fintech is expected to be a hot sector for initial public offers this year with two already being completed. Last week,
Affirm (NASDAQ:AFRM) blew the doors off its IPO. Priced at $49 a share Affirm traded at nearly double ending the day at $97.24 a share. Affirm has traded as high as $137+ a share.
Just prior to Affirm, fast-growing Fintech
SoFi announced it would become public via a SPAC (special purpose acquisition company) – a popular path to trading shares on an exchange that requires less initial disclosure. The SPAC deal was reported to be valued at $8.65 billion. ....

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