The deal from Palihapitiya, an active venture capitalist who has taken a number of companies public via SPAC, will raise the value of the online finance fintech to $8.65 billion. In the private market, SoFi was valued at approximately $5.7 billion after raising funds from investors like Peter Thiel and SoftBank.
Estimated reading time: 0 minutes, 21 seconds
SoFi Going Public Through Palihapitiya Shell Company
SoFi is plotting a merger via a special purpose acquisition company backed by Chamath Palihapitiya. So reports CNBC.
Most Read
-
-
Apr 27 2019
-
Written by FinTech News Brief Staff
The Securities and Exchange Commission announced the concept of digital…
-
-
-
Jan 16 2020
-
Written by FinTech News Brief Staff
Representatives from the Reserve Bank of Australia said they are…
-
-
-
Jan 09 2019
-
Written by FinTech News Brief Staff
Ripple CEO Brad Garlinghouse said cryptocurrency and blockchain stand to…
-
-
-
Sep 24 2020
-
Written by FinTech News Brief Staff
MicroStrategy Inc. became the first public company to invest “the…
-