NasdaqGS:SOFIConsumer Finance
SoFi’s $1.5 Billion Equity Raise and Smart Card Launch Might Change The Case For Investing In SoFi Technologies (SOFI)
Earlier this month, SoFi Technologies completed a US$1.50 billion follow-on equity offering of 54,545,454 common shares at US$27.50 each, while also rolling out its new SoFi Smart Card with up to 5% cash back on groceries and high-yield savings for new SoFi Plus members.
The capital raise strengthens SoFi’s balance sheet just as it launches the Smart Card, a bundled charge, checking, and savings product that could deepen member engagement and support its all-in-one financial platform...