07/29/2025 – 11:25 PM
SAN FRANCISCO – In a move signaling continued confidence in its growth trajectory, SoFi Technologies, Inc. (NASDAQ: SOFI) has announced the pricing of its public offering. The fintech company will offer 71,942,450 shares of common stock at $20.85 per share, raking in gross proceeds of approximately $1.5 billion before factoring in underwriting discounts, commissions, and other offering-related expenses.
The underwriters have also been granted a 30-day option to snap up an additional 10,791,367 shares at the same public offering price, minus those customary underwriter fees. This greenshoe provision could potentially inject further capital into SoFi’s coffers.
The deal, expected to close on July 31, 2025, subject to standard closing conditions, sees SoFi selling all the shares. The company intends to use the infusion of capital for general corporate purposes, eyeing both working capital needs and strategic business opportunities. This move could fuel further expansion into new product areas or strategic acquisitions.
Goldman Sachs & Co. LLC, Citigroup, and Mizuho Securities USA LLC are acting as the underwriters for this offering. Investors are advised to consult the preliminary prospectus supplement and accompanying base prospectus, available on the SEC’s EDGAR database at www.sec.gov, for a comprehensive overview of the company and the offering.
This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About SoFi
SoFi Technologies (NASDAQ: SOFI) operates as a comprehensive digital financial services platform, aiming to empower individuals by facilitating financial independence. Serving over 11.7 million members, SoFi offers a suite of services including borrowing, saving, spending, investing, and insurance, all within a single application. The company’s Galileo platform provides technology solutions for fintechs, financial institutions, and brands, managing over 160.0 million global accounts.
©2025 SoFi Technologies, Inc. All rights reserved.
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Forward-Looking Statements
This press release contains forward-looking statements, which are subject to risks and uncertainties that could cause actual results to differ. These include market conditions, competition, and risks detailed in SoFi’s SEC filings. SoFi does not undertake to update these statements except as required by law.
Source: SoFi Technologies
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