SoFi's Stock Drop After $1.5B Offering
Update: 2025-12-05
Description
SoFis stock price plummeted by nearly six percent in extended trading on Thursday, following a one point five billion dollar stock offering announcement. The company, known for its online loans and banking services, plans to use the funds for capital strengthening, flexibility enhancement, and new growth opportunities. Despite a strong upward trend, the stock price dipped due to the dilution effect of new shares. SoFis third-quarter earnings report showed robust financial health with thirty-eight percent revenue growth and a healthy cash balance.
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