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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Financial technology startup SoFi Technologies (NASDAQ: SOFI ) went public as SOFI stock on Jun. 1 via a reverse-merger with a special purpose acquisition company (SPAC) called Social Capital Hedosophia Corp. V . As...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips SoFi Technologies (NASDAQ: SOFI ) may be set to become the next PayPal (NASDAQ: PYPL ) or Square (NYSE: SQ ). But, that’s at least years away from happening. This by itself won’t send SOFI st...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips As its merger with SoFi gets closer to reality, Social Capital Hedosophia Holdings V (NYSE: IPOE ) continues to fall. It appears that IPOE stock was the subject of some short-selling activity that is possibly link...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Earlier this year, Chamath Palihapitiya’s special purpose acquisition company (SPAC), Social Capital Hedosophia Holdings V (NYSE: IPOE ) announced its intention to merge with financial services platform ...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Social Capital Hedosophia V (NYSE: IPOE ) stock is suffering the same fate as many special purpose acquisition companies (SPACs) in 2021. IPOE stock is down 33% from its closing high of $25.78 on Feb. 1. Source:...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Chamath Palihapitiya is a god among men, at least in the special purpose acquisition company (SPAC) world. Palihapitiya’s fifth SPAC, Social Capital Hedosophia Holdings Corp. V (NYSE: IPOE ) stock h...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Back in early March 2021, I wrote another article on Social Capital Hedosophia Holdings, the company that has six SPACs (special purpose acquisition companies) under development. The title was “Wait and See When It ...
SoFi plans to acquire GPB to gain a national bank charter. The fintech can boost 2025 adjusted EBITDA by $300 million, or 25% with a digital bank. The stock is a much better deal down below $18 and trading at ~10x 2025 EBITDA targets. For further details see: SoFi: Don't...
Chamath Palihapitiya-backed SPAC Social Capital Hedosophia Holdings Corp. V (IPOE) is rallying some 7% in premarket trading Tuesday after falling some 9% Monday.IPOE is apparently rising on a combination of a bounce back from Monday’s big sell-off, coupled with word of an important M&a...
The latest fintech to push into the banking business, Social Finance (SOFI) agrees to buy a tiny community bank, Golden Pacific Bancorp (GPBI), for about $22.3M in its effort to get a national bank charter.As a result of the proposed acquisition, SoFi will switch its current de novo bank appl...
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SoFi Says No More to Staying in an Unfulfilling Relationship SoFi (NASDAQ: SOFI) announced today its new brand campaign, “Break Up With Bad Banking”, inspiring people to move out of unfulfilling relationships with their banking institutions and move on with SoF...
Plans to Officially Launch SoFi Checking and Savings with up to 1.00% APY in the Coming Weeks SoFi Technologies, Inc. (“SoFi”), the digital personal finance company, today announced the completion of its acquisition of Golden Pacific Bancorp, Inc. (OTCPK: GPBI)...