FILE PHOTO: Chamath Palihapitiya, Founder and CEO of Social Capital, presents during the 2018 Sohn Investment Conference in New York City, U.S., April 23, 2018. Online lending startup Social Finance Inc (SoFi) said on Thursday it has agreed to go public through a merger with Social Capital Hedosophia Holdings Corp V, … Joshua Franklin and Anirban Sen and Krystal Hu. REUTERS/Brendan McDermid/File Photo, California Do Not Sell My Personal Information Request. Netflix faces more competition than ever before. I may earn a small commission if you click them and make a purchase. Advisors are accustomed to steering people toward less emotional decisions. 3 Reasons To Buy SoFi Stock After Its SPAC IPO Forbes - Peter Cohan. Let's dive into my SoFi (IPOE) stock analysis. Social Capital Hedosophia Holdings Corp V is his third SPAC. Author of the article: Reuters. SPACs Attack Recap: SoFi, IPOE, GXGX, ACEV Deals Plus Rumors And Headlines For Week Ending Jan. 8 By Chris Katje of Benzinga.com Saturday, January 9, 2021 3:52 PM EST The SPACs Attack show airs live on Benzinga YouTube Monday through Friday at 11 A.M. EST breaking down SPAC news and deals, and interviewing CEOs. SoFi is going public via a SPAC backed by billionaire investor Chamath Palihapitiya, according to an announcement made on CNBC on Thursday. IPOE stock is shooting higher after Chamath Palihapitiya announced that his blank-check company will stage the SoFi SPAC merger. It started with refinancing student loans and expanded into mortgages and personal loans. How financial advisors can help small-business owners prepare for retirement during uncertain times. Article content. Photo: Bloomberg. The post IPOE Stock: 9 Things to Know Ahead of the SoFi … Stocks. The content on this channel is for educational purposes only. Lastly, there is no guarantee given regarding the accuracy of information on this channel._____________________________For Business Inquiries: edwardlin0795@gmail.com President Joe Biden stresses unity in his inaugural address. In the case of Bakkt, the cryptocurrency-powering entity, a SPAC made some sense at first blush. Share Share Article via … Matt Whittaker and Mark ReethJan. As IPOE stock races ahead, here is what you need to know about the upcoming SoFi SPAC merger. What happenedShares of Social Capital Hedosophia Holdings III (NYSE: IPOC) were rising on Thursday. Social Finance (SoFi), an online lending startup, is holding talks about selling to a blank-check acquisition company to help it debut on the stock market. Bottom line: “Founded in 2011, SoFi capitalized on the retrenchment of banks from large swaths of consumer lending in the aftermath of the 2008 financial crisis. As of 12:30 p.m. EST, the SPAC led by notable … SoFi Stock: SPAC IPO. SoFi will go public through a so-called reverse merger with a blank-check company that is already public. (Reuters) - U.S. online lending startup Social Finance Inc (SoFi) said on Thursday it has agreed to go public through a merger with Social Capital Hedosophia Holdings Corp V, a blank-check acquisition company led by venture capital investor Chamath Palihapitiya. The stock made it to $33.05 by early 2018 before stalling out for roughly a year and a half.Related Link: Here's How Much Investing ,000 In JPMorgan Stock 5 … SoFi is primarily an online lender, offering personal loans, student loan refinancing, and other lending products, in addition to a stock trading platform and robo-advisor. It started with refinancing student loans and expanded into mortgages and personal loans. Defined outcome funds can help reduce risk in your investing portfolio. Retail sales disappoint as a new $1.9 trillion relief package is outlined. SoFi nears deal to go public with SPAC backed by venture capital investor Palihapitiya -sources. IBM’s AI supercomputer likes these stocks. After my research, there's a lot of things I want to go through. 15, 2021, Investing for Retirement: How to Design A Plan that Anticipates the Unexpected, The Most Important Ages for Retirement Planning: Age 50, The Most Important Ages for Retirement Planning: Age 59 ½, The Most Important Ages for Retirement Planning: Age 65, The Most Important Ages for Retirement Planning: Age 66, The Most Important Ages for Retirement Planning: Age 70 ½. (Reporting by Joshua Franklin in Miami, Anirban Sen in Bangalore and Krystal Hu in New York; Editing by Matthew Lewis and Rosalba O'Brien). An MBA or CFA can enhance financial advisors' careers and boost their salaries. Chamath Palihapitiya, CEO of Social Capital (NASDAQ:IPOE), has announced that SoFi will go public via a SPAC deal that is worth $8.65 billion via CNBC. SoFi, the personal and student finance lender which branched out into payments and banking infrastructure last year with its $1.2 billion Galileo acquisition, is going public.. The fintech, last valued at $5.7 billion, plans to execute its initial public offering (IPO) via a merger with a blank-check company run by venture capital (VC) investor Chamath Palihapitiya. These affiliate commissions are used to help fund this channel.I am not a financial advisor, this is all strictly my opinion. He raised $600 million for his first SPAC, Social Capital Hedosophia Holdings, in 2017. Special purpose acquisition companies (SPAC) have become a popular alternative for companies. Stocks Keywords Contributors Users. Here is a look back at some of … New unemployment claims tick up while investors await the unveiling of fresh coronavirus relief. Should you need such advice, consult a licensed financial advisor. Social Capital Hedosophia V is one of three so-called special purpose acquisition companies (SPACs) backed by U.S. investor Palihapitiya and London-based Ian Osborne that are currently looking for acquisitions. As an investor since 2014 in San Francisco-based Social Finance (SoFi) — an online provider of student loan refinancing, mortgages, personal loans, stock and cryptocurrency trading, and wealth management services — I was pleased to learn that it is poised to go public in a deal that will value the … 8 mins Arcosa Trades At Fair Value And Is Now A Hold Seeking Alpha 19 mins New to the Stock Market? He decided to go with this company because this company is trying to solve an issue with our current banking system. Arnab Shome | News | Friday, 08/01/2021 | 09:03 GMT+2 2021-01-08T07:03:41+00:00 2021-01-08T12:24:15+00:00. They have emerged as a popular IPO alternative for companies, providing a path to going public with less regulatory scrutiny and more certainty over the valuation that will be attained and funds that will be raised. They have loans, insurance, investments, credit cards, and chequing account. By Joshua Franklin, Anirban Sen, Krystal Hu. Many domestic small-cap companies stand to perform better as the economy recovers. Publishing date: Jan 07, 2021 • January 7, 2021 • 2 minute read. Financial services platform SoFi Inc. is planning to come public via a merger with a special-purpose acquisition company, or SPAC. Any videos that I create should not be used as professional financial advice. It could be a challenging year ahead for bond investors. Is the stock still worth buying at these heights? SoFi, on the surface, seemed less obvious. The key investor takeaway is that SoFi is an appealing investment once the business combination with the IPOE SPAC closes in a few months. From checking credentials to understanding fees, here's how to research a financial advisor. Chamath Palihapitiya made waves when he announced the fifth Social Capital Hedosophia SPAC would take SoFi public. The company has also branched out into stock trading and cash management accounts. Published Thu, Jan 7 2021 10:52 AM EST. His announcement sent IPOE stock soaring, and … Palihapitiya has been one of the most prolific sponsors of SPACs, merging them with a range of companies, from space tourism firm Virgin Galactic Holdings Inc to home-selling platform Opendoor Technologies Inc. Social Capital Hedosophia V raised around $800 million in an IPO on the New York Stock Exchange in October. The deal values SoFi at around $8.65 billion and is expected to provide up to $2.4 billion in cash proceeds to the San Francisco-based company. SoFi (IPOE) is a Fintech company that provides an all-in-one solution to all your financial needs. Founded in 2011, SoFi capitalized on the retrenchment of banks from large swaths of consumer lending in the aftermath of the 2008 financial crisis. "Our goal is to build a one-stop financial platform and our diversified products can help us navigate both a high interest and low-interest environment," SoFi Chief Executive Anthony Noto told Reuters in an interview, adding the company has seen home loan refinancing business and investment products growing fast in the past year. This is Chamath Palihapitiya newest SPAC merger. Please enjoy my SoFi (IPOE) Stock Analysis!Please like, comment, subscribe, and hit that notification bell!00:00 - Intro00:33 - Overview of the Company and CEO02:15 - Investment Strengths03:45 - SoFi's Competition05:16 - SoFi's Business Model06:46 - Risks with SoFi07:45 - Valuation and Financials08:42 - My Thoughts on SoFi (IPOE) Stock_____________________________Follow me on Social:Twitter: https://twitter.com/edwardlin0795_____________________________Recommended Books:Start With Why: https://amzn.to/38nkwWkHow to Win Friends and Influence People: https://amzn.to/358pzIbThink and Grow Rich: https://amzn.to/3p3qnGd_____________________________My Youtube Setup:Camera: https://amzn.to/2IcpRonLens: https://amzn.to/32nwsDnMicrophone: https://amzn.to/3bucqMZ_____________________________SOFI (IPOE) STOCK ANALYSIS - BEST SPAC MERGER OF 2021?#sofistock #ipoe #ipoestock_____________________________Disclaimer: The links above this page are affiliate links. SoFi Takes SPAC Route for Public Listing with $8.65B Valuation Share prices of the SPAC soared after the confirmation of the deal. A SPAC is a shell company that raises money in an IPO to merge with a privately held company that then becomes publicly traded as a result. SoFi had planned to go public through a traditional initial public offering (IPO) in 2021 after raising money in a private round but chose the SPAC route because it preferred the deal certainty and the ability to make projections in talks with investors, Noto said. The deal values SoFi at around $8.65 billion and is expected to provide up to $2.4 billion in cash proceeds to the San Francisco-based company. on this page is accurate as of the posting date; however, some of our partner offers may have expired. Social Finance Inc. is planning for takeovers after agreeing to go public in a merger with a blank-check company that values the upstart at around $8.7 billion. The show confirmed the deal live on air Thursday. 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