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SoFi is a Fintech company that provides a suite of financial products to the consumer (B2C) meanwhile, Galileo is a leading Fintech infrastructure platform serving upcoming Neo banks (B2B). The merger between SoFi and Galileo has created an impenetrable moat that enables them to serve...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Social Capital Hedosophia (NYSE: IPOE ) stock is on the rise Monday following news that it’s making progress on its special purpose acquisition company (SPAC) merger with student loan refinancing company SoFi. ...
Chamath Palihapitiya’s SPAC Social Capital Hedosophia Holdings V (IPOE) popped 12% after a tweet announcing vote on SoFi (SOFI) deal is scheduled for May 27.SoFi investor relations tweeted the the S-4 for the SPAC is effective with the SEC and proxy statements will be mailed to holders...
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 Investors in Social Capital Hedosophia Holdings V (NYSE: IPOE ) certainly have a lot to like with this SPAC option. Yet since touching a high on Feb. 1, IPOE stock is down 41.8%. Source: rafapress / Shutterstock.co...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips For an upfront disclosure, I’m worried about the extreme speculation in the market. The way that several popular asset classes have jumped higher simply doesn’t make sense. Nevertheless, if you had to bet on a...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips The SPAC stocks bubble, which inflated recently, might be about to pop. On April 13, the U.S. Securities and Exchange Commission (SEC) issued new guidance that would change the way SPACs (special purpose acquisition compa...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips PureCycle (NASDAQ: PCT ) stock is taking a beating on Thursday following a brutal short report taking the plastics recycling to task. Source: DidiPho/Shutterstock.com Let’s take a dive into that repot b...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips It’s been a while since Chamath Palihapitiya’s special purpose acquisition company (SPAC), Social Capital Hedosophia Holdings V (NYSE: IPOE ), announced its intention to merge with financial ...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Investing in special purpose acquisition companies (SPACs) was heaven last year. But of late, almost all of them have fallen back to Earth. Even famous ones like Pershing Square (NYSE: PSTH ) and Churchill Capital (...
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