SoFi Announces $1.5 Billion Public Offering of Common Stock

SoFi Technologies has announced a public offering of $1.5 billion in common stock. The offering includes a 30-day option for the underwriter to purchase up to an additional 15% of shares. SoFi intends to use the net proceeds for general corporate purposes, including working capital and business opportunities. Goldman Sachs will act as the underwriter.

SoFi Technologies, Inc. (NASDAQ: SOFI) has priced its public offering of common stock, raising approximately $1.5 billion. The offering includes 71,942,450 shares priced at $20.85 per share, with a 30-day option for underwriters to purchase up to an additional 10,791,367 shares at the same price. Goldman Sachs & Co. LLC, Citigroup, and Mizuho Securities USA LLC are acting as the underwriters.

The net proceeds from the offering will be used for general corporate purposes, including working capital and business opportunities. The offering is expected to close on July 31, 2025, subject to customary closing conditions. All shares will be sold by SoFi.

The company's mission is to help people achieve financial independence through its digital financial services. Over 11.7 million members trust SoFi for borrowing, saving, spending, investing, and protecting their money, all within a single app. SoFi's technology platform, Galileo, is used by financial institutions and brands to manage innovative financial solutions across 160.0 million global accounts.

[1] https://www.morningstar.com/news/business-wire/20250729684031/sofi-technologies-inc-announces-pricing-of-public-offering-of-common-stock