SoFi Completes $1.71B Stock Offering with Goldman Sachs

SoFi Technologies has completed a major stock offering with Goldman Sachs, selling 82.7 million shares at $20.85 per share. The company plans to use the proceeds for general corporate purposes, including working capital and other business opportunities. SoFi operates in the financial technology industry, providing loans, banking, and investment solutions. The stock has a neutral rating from TipRanks' AI Analyst and a current market cap of $24.76B.

SoFi Technologies, Inc. (SOFI) has successfully completed a major stock offering, selling 82.7 million shares at $20.85 per share. The underwriting agreement was entered into with Goldman Sachs, Citigroup, and Mizuho Securities on July 29, 2025, and the offering was finalized on July 31, 2025 [1].

The proceeds from this offering will be utilized for general corporate purposes, including working capital and other business opportunities. This move underscores the company's strategic focus on leveraging technology to offer innovative financial solutions, a key aspect of its operations in the financial technology sector [2].

The recent stock offering is significant as it follows strong financial performance reported by SoFi Technologies in the second quarter of 2025. The company reported a 43% year-over-year revenue growth, with revenue climbing to $854.9 million. Additionally, the company saw a 34% increase in membership to a record 11.7 million members [3].

Despite the positive financial performance, the stock has a neutral rating from TipRanks' AI Analyst, Spark, which suggests a cautious approach. The analyst notes that while SoFi demonstrates strong financial and operational growth, high valuation and cash flow challenges present risks. Technical indicators suggest bullish momentum, but potential overbought conditions warrant caution [1].

As of July 2, 2025, the stock has a current market cap of $24.76 billion. The stock's trading volume averages at 70.13 million shares per day, indicating strong liquidity [2].

SoFi Technologies' focus on leveraging technology to provide loans, banking, and investment solutions has positioned it as a key player in the fintech industry. The company's recent performance and strategic initiatives highlight its potential for continued growth and innovation.

References:

[1] https://www.tipranks.com/news/company-announcements/sofi-completes-major-stock-offering-with-goldman-sachs
[2] https://www.tradingview.com/news/reuters.com,2025:newsml_FWN3TS1OU:0-sofi-technologies-enters-underwriting-agreement-with-goldman-sachs-citigroup-mizuho-sec-filing/
[3] https://finance.yahoo.com/news/sofi-technologies-jumps-q2-beat-052747563.html