The merger with Palihapitiya’s SPAC, Social Capital Hedosophia Corp V, will value SoFi at $8.65 billion. FILE PHOTO: Chamath Palihapitiya, Founder and CEO of Social Capital, presents during the 2018 Sohn Investment Conference in New York City, U.S., April 23, 2018. SoFi plans to use the proceeds to pay back debt from the $1.2 billion acquisition last year of payment software Galileo and to grow its business. Wealth of Knowledge is a weekly podcast featuring tips and expert insight on all things money: personal finance, careers, investing, real estate and more. 15, 2021, Investing for Retirement: How to Design A Plan that Anticipates the Unexpected, The Most Important Ages for Retirement Planning: Age 50, The Most Important Ages for Retirement Planning: Age 59 ½, The Most Important Ages for Retirement Planning: Age 65, The Most Important Ages for Retirement Planning: Age 66, The Most Important Ages for Retirement Planning: Age 70 ½. Founded in 2011, SoFi capitalized on the retrenchment of banks from large swaths of consumer lending in the aftermath of the 2008 financial crisis. This is Chamath Palihapitiya newest SPAC merger. on this page is accurate as of the posting date; however, some of our partner offers may have expired. Reuters had reported earlier on Thursday that SoFi and Social Capital were nearing a deal to merge. It started with refinancing student loans and expanded into mortgages and personal loans. Arnab Shome | News | Friday, 08/01/2021 | 09:03 GMT+2 2021-01-08T07:03:41+00:00 2021-01-08T12:24:15+00:00. Please enjoy my SoFi (IPOE) Stock Analysis!Please like, comment, subscribe, and hit that notification bell!00:00 - Intro00:33 - Overview of the Company and CEO02:15 - Investment Strengths03:45 - SoFi's Competition05:16 - SoFi's Business Model06:46 - Risks with SoFi07:45 - Valuation and Financials08:42 - My Thoughts on SoFi (IPOE) Stock_____________________________Follow me on Social:Twitter: https://twitter.com/edwardlin0795_____________________________Recommended Books:Start With Why: https://amzn.to/38nkwWkHow to Win Friends and Influence People: https://amzn.to/358pzIbThink and Grow Rich: https://amzn.to/3p3qnGd_____________________________My Youtube Setup:Camera: https://amzn.to/2IcpRonLens: https://amzn.to/32nwsDnMicrophone: https://amzn.to/3bucqMZ_____________________________SOFI (IPOE) STOCK ANALYSIS - BEST SPAC MERGER OF 2021?#sofistock #ipoe #ipoestock_____________________________Disclaimer: The links above this page are affiliate links. He succeeded SoFi co-founder Mike Cagney, who stepped down in 2018. and have not been previously reviewed, approved or endorsed by any other SoFi, the personal and student finance lender which branched out into payments and banking infrastructure last year with its $1.2 billion Galileo acquisition, is going public.. SoFi (IPOE) is a Fintech company that provides an all-in-one solution to all your financial needs. Source: Shutterstock To start, investors should get a sense of the basic story. The key investor takeaway is that SoFi is an appealing investment once the business combination with the IPOE SPAC closes in a few months. EXCLUSIVE-SoFi nears deal to go public with SPAC backed by venture investor Palihapitiya -sources. Article content. President Joe Biden stresses unity in his inaugural address. SoFi, on the surface, seemed less obvious. Advisors are accustomed to steering people toward less emotional decisions. Is the stock still worth buying at these heights? Netflix faces more competition than ever before. As IPOE stock races ahead, here is what you need to know about the upcoming SoFi SPAC merger. SoFi nears deal to go public with SPAC backed by venture capital investor Palihapitiya -sources. A SPAC is a shell company that raises money in an IPO to merge with a privately held company that then becomes publicly traded as a result. Palihapitiya has been one of the most prolific sponsors of SPACs, merging them with a range of companies, from space tourism firm Virgin Galactic Holdings Inc to home-selling platform Opendoor Technologies Inc. Social Capital Hedosophia V raised around $800 million in an IPO on the New York Stock Exchange in October. Will 2021 be the year blockchain technology gains worldwide traction? SoFi … Social Capital Hedosophia Holdings Corp V is his third SPAC. Let's dive into my SoFi (IPOE) stock analysis. Bottom line: “Founded in 2011, SoFi capitalized on the retrenchment of banks from large swaths of consumer lending in the aftermath of the 2008 financial crisis. Joshua Franklin and Anirban Sen and Krystal Hu. Lastly, there is no guarantee given regarding the accuracy of information on this channel._____________________________For Business Inquiries: edwardlin0795@gmail.com New unemployment claims tick up while investors await the unveiling of fresh coronavirus relief. SPACs Attack Recap: SoFi, IPOE, GXGX, ACEV Deals Plus Rumors And Headlines For Week Ending Jan. 8 By Chris Katje of Benzinga.com Saturday, January 9, 2021 3:52 PM EST The SPACs Attack show airs live on Benzinga YouTube Monday through Friday at 11 A.M. EST breaking down SPAC news and deals, and interviewing CEOs. Let's dive into my SoFi (IPOE) stock analysis. Shares of Social Capital closed up 58% at $19.17 apiece. Should you need such advice, consult a licensed financial advisor. They are in a battle royale with all the other Fintech companies, but I think that SoFi (IPOE) stock is well positioned. SoFi nears deal to go public with SPAC backed by venture investor Palihapitiya: Report. REUTERS/Brendan McDermid/File Photo, California Do Not Sell My Personal Information Request. The fintech, last valued at $5.7 billion, plans to execute its initial public offering (IPO) via a merger with a blank-check company run by venture capital (VC) investor Chamath Palihapitiya. Share this article. The content on this channel is for educational purposes only. Social Finance Inc. is planning for takeovers after agreeing to go public in a merger with a blank-check company that values the upstart at around $8.7 billion. By Joshua Franklin, Anirban Sen, Krystal Hu. SoFi nears deal to go public with SPAC backed by venture capital investor Palihapitiya, sources say . It could be a challenging year ahead for bond investors. As an investor since 2014 in San Francisco-based Social Finance (SoFi) — an online provider of student loan refinancing, mortgages, personal loans, stock and cryptocurrency trading, and wealth management services — I was pleased to learn that it is poised to go public in a deal that will value the … The deal values SoFi at around $8.65 billion and is expected to provide up to $2.4 billion in cash proceeds to the San Francisco-based company. Share Share Article via … The company is growing, and that’s partly why SoFi is going public now. He raised $600 million for his first SPAC, Social Capital Hedosophia Holdings, in 2017. REUTERS/Brendan McDermid/File PhotoReuters, By Joshua Franklin, Anirban Sen and Krystal Hu. He decided to go with this company because this company is trying to solve an issue with our current banking system. Noto is a former Goldman Sachs Group Inc investment banker and Twitter Inc's ex-chief operating officer. 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