SoFi just announced plans to sell $1.5 Billion worth common stock

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SAN FRANCISCO, December 04, 2025–(BUSINESS WIRE)–SoFi Technologies, Inc. (NASDAQ: SOFI) (“SoFi” or the “Company”) today announced an underwritten public offering of $1.5 billion of shares of its common stock. In connection with the offering, SoFi expects to grant the underwriter a 30-day option to purchase up to an additional 15% of the shares of common stock offered in the offering. All of the shares of common stock in the offering will be sold by SoFi. SoFi intends to use the net proceeds from the offering for general corporate purposes, including but not limited to enhancing capital position, increasing optionality and enabling further efficiency of capital management, and funding incremental growth and business opportunities.

https://finance.yahoo.com/news/sofi-technologies-inc-announces-public-211700192.html

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