Lates News

SoFi Technologies is seeking to raise $1.5 billion through a stock sale. This financial technology company is expanding its business from lending to other product areas. According to a statement released on Thursday, the San Francisco-based company is collaborating with Goldman Sachs Group for this stock sale. Sources revealed that SoFi plans to sell shares at a price range of $27.50 to $28.50 per share. The statement indicates that SoFi plans to use the funds raised to strengthen its capital base and expand into new business opportunities, among other uses. Representatives from SoFi have not commented on this yet. On October 28th, SoFi announced third quarter adjusted net revenue of $9.496 billion, surpassing analysts' expectations of $8.982 billion. CEO Anthony Noto mentioned that the company's expansion into customer service areas beyond lending is reflected in revenue, contributing to record-breaking performance in the third quarter. The company announced in November that users can join a priority access list for SoFi Crypto, allowing them to buy and sell dozens of cryptocurrencies.