Palihapitiya sells down position in online lender SoFi - tweet [Reuters]
SoFi Technologies, Inc. (SOFI)
Company Research
Source: Reuters
Palihapitiya sells down position in online lender SoFi - tweet By Reuters Staff 2 Min Read Nov 18 (Reuters) - Chamath Palihapitiya has sold down around 15% of his position in U.S. online lending company SoFi Technologies Inc this week, the venture investor said in a tweet here on Thursday. Palihapitiya, founder and chief executive officer of Social Capital, said the sale was to build up cash reserves and fund recent investments in companies such as battery materials firm Mitra Chem, fintech startup Spectral Finance and blockchain infrastructure company Syndica. Shares of SoFi were down 1% at $20.30. He also expects to increase Social Capital’s stake in Clover Health Investments Corp through a public offering of common stock. SoFi went public earlier this year through a merger with a blank-check company, led by Palihapitiya, in a deal here valued at about $8.65 billion. A blank-check company, also known as SPAC, uses capital raised through an IPO to buy a private company, usually with
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SOFI
Earnings
- 1/29/24 - Beat
SOFI
Sec Filings
- 4/8/24 - Form ARS
- 4/8/24 - Form DEFA14A
- 4/8/24 - Form DEF
- SOFI's page on the SEC website