SoFi Technologies Plans to Raise $1.5 Billion through a Stock Offering to Expand Product Line

BlockBeats News, December 5th, according to Bloomberg citing sources, fintech company SoFi Technologies is seeking to raise $1.5 billion through a new stock issuance to expand more product lines beyond its lending business. Currently, the company is collaborating with Goldman Sachs to advance this equity offering, with an issuance price range of $27.50 to $28.50 per share, representing a maximum discount of about 7.1% from Thursday's closing price of $29.60 per share.