SoFi Technologies, Inc. announced an underwritten public offering of $1.5 billion of shares of its common stock.
The company expects to grant the underwriters a 30-day option to purchase up to an additional 15% of the shares of common stock offered.
All shares in the offering will be sold by SoFi, with the net proceeds intended for general corporate purposes, enhancing capital position, and funding growth opportunities.
Offering Details
Underwritten public offering of $1.5 billion of common stock with a 30-day option for additional shares.
Use of Proceeds
Intending to use net proceeds for general corporate purposes and funding growth opportunities.
Underwriters
Goldman Sachs, BofA Securities, Citigroup, Deutsche Bank Securities, and Mizuho are acting as underwriters.
Registration Statement
Form S-3 (Registration No. 333-289046) became effective on July 29, 2025, with a base prospectus for the offering.
Forward-Looking Statements
Press release includes forward-looking statements regarding the offering and potential risks and uncertainties.
- SoFi aims to enhance its capital position and fund growth opportunities through the public offering.
- The offering provides the company with financial flexibility and potential for further expansion in digital financial services.
The public offering by SoFi Technologies, Inc. signals the company's commitment to strengthening its financial position and pursuing growth opportunities in the digital financial services sector.