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IPOE - Here's Why This Chamath Palihapitiya SPAC Is Soaring Today
Social Capital Hedosophia Holdings Corp. V Class A
The stock market was having a strong day on Tuesday, with all three major indices in positive territory and the Nasdaq having a particularly great day, the tech-heavy index higher by more than 3.5% at 10:30 a.m. EST.
However, Social Capital Hedosophia Holdings V (NYSE: IPOE) , the Chamath Palihapitiya-led SPAC set to take fintech start-up SoFi public, is a big standout, with shares up by more than 12% for the day.