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SoFi plans takeovers after agreeing to go public through a SPAC merger at $8.7b valuation


SoFi plans takeovers after agreeing to go public through a SPAC merger at $8.7b valuation
Mike Cagney, co-founder and chief executive officer of Social Finance Inc (SoFi). Photo: Bloomberg
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Social Finance Inc. is planning for takeovers after agreeing to go public in a merger with a blank-check company that values the upstart at around $8.7 billion.“We want to invest heavily in acquisitions and new growth vehicles,” Chief Executive Officer Anthony Noto said Thursday in an interview.
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SoFi Plans for More Mergers After Going Public Through SPAC


SoFi Plans for More Mergers After Going Public Through SPAC
Bloomberg
1/7/2021
Shahien Nasiripour and Sonali Basak
© Bloomberg
Chamath Palihapitiya, founder and chief executive officer of Social Capital Hedosophia Holdings Corp., speaks during an interview following Virgin Galactic Holdings Inc. s initial public offering (IPO) on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Monday, Oct. 28, 2019. Richard Branson s Virgin Galactic Holdings Inc. became the first space-tourism business to go public as it began trading Monday on the New York Stock Exchange with a market value of about $1 billion.
(Bloomberg) Social Finance Inc. is planning for takeovers after agreeing to go public in a merger with a blank-check company that values the upstart at around $8.7 billion. ....

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