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Stock impact report

SoFi's stock drops on $1.5 billion share sale announcement [CNBC]

LPL Financial Holdings Inc. (LPLA) 
Last lpl financial holdings inc. earnings: 4/30 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.lpl.com
Company Research Source: CNBC
Stock prices often fall when companies announce offerings because the share sale dilutes the value of existing holders' stakes. In this article Anthony Noto, CEO of SoFi, speaking with CNBC at the annual Allen & Co. Media and Technology Conference in Sun Valley, Idaho on July 10th, 2025. David A. Grogan | CNBC SoFi shares fell almost 6% in extended trading Thursday after the fintech company announced a $1.5 billion stock offering. The company, which provides online loans and other banking services, said in a press release that it will use the proceeds for “general corporate purposes, including but not limited to enhancing capital position, increasing optionality and enabling further efficiency of capital management, and funding incremental growth and business opportunities.” The announced offering comes after SoFi's market cap almost doubled so far in 2025. The stock price is up more than sixfold since the end of 2022. A company's share price often drops on a planned sh Show less Read more
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