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Stock impact report

Here's Everything Investors Need to Know About SoFi's $1.5 Billion Offering Announcement [Yahoo! Finance]

SoFi Technologies, Inc. (SOFI) 
Company Research Source: Yahoo! Finance
10 stocks we like better than SoFi Technologies › SoFi Technologies (NASDAQ: SOFI) is on a roll. It has wowed investors with its strong growth and customer add-ons, it's launching new products to keep up the momentum, and SoFi stock is up nearly 80% year to date. However, the stock dropped last week on the news that the company is issuing $1.5 billion in new stock. Let's check out what it's all about and why the market wasn't happy. Companies typically raise cash through equity offerings to fund operations. SoFi is in high-growth mode, and it's rolling out new products constantly as well as supporting an influx of new customers; there were 905,000 new additions in the third quarter, a record. It's launching a whole new set of blockchain-based products, and there's probably a lot more in the works that hasn't yet been announced. The company said that it will use the funds for "general corporate purposes, including but not limited to enhancing capital position, increasing optio Show less Read more
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