SoFi Announces $1.5 Billion Stock Offering, Shares Fall 6% in Extended Trading

SoFi's stock dropped 6% in extended trading after announcing a $1.5 billion stock offering for general corporate purposes, including enhancing capital position and funding growth opportunities. The offering comes after the company's market cap almost doubled in 2025 and its stock price increased sixfold since the end of 2022. The share sale may dilute the value of existing holders' stakes.