SOFI’s 2.37% Drop, 19th in $3.92B Volume, as $1.5B Stock Sale Sparks Dilution Fears

On July 30, 2025, SoFi Technologies (SOFI) reported a 2.37% decline in its stock price, with a trading volume of $3.92 billion, reflecting a 29.36% drop from the previous day. The stock ranked 19th in trading activity across the market. The drop followed a public offering of $1.5 billion in common stock, which triggered investor concerns over potential share dilution. Despite earlier gains from strong second-quarter earnings, the announcement of the stock sale led to a sharp reversal in sentiment, with shares falling more than 6% in after-hours trading.

The company had raised its 2025 revenue outlook following the earnings report, which showed adjusted profits exceeding Wall Street estimates. However, the planned stock offering introduced uncertainty about future shareholder value. Analysts highlighted that while SoFi’s growth in customer base and revenue remains robust, the aggressive fundraising could signal short-term challenges in maintaining valuation momentum. The stock sale, underwritten by Goldman Sachs, involves additional issuance of 15% of shares, raising questions about equity dilution and its impact on investor confidence.

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