Model. For investors, that means now is the time to dive into those two SPACs and figure out what makes them special. Nasdaq Palihapitiya and Ian Osborne, IPOE president and director, bring a vast amount of experience in identifying tech winners to the table. All rights reserved. SoFi originally utilized an alumni-funded lending model that … Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. quotes delayed at least 15 minutes, all others at least 20 minutes. SoFi was founded in 2011 and was valued at $4.3 billion in its last private funding round. On the date of publication, Sarah Smith did not have (either directly or indirectly) any positions in the securities mentioned in this article. SPAC Deals: The big deal of the week was SoFi announcing a merger with Social Capital Hedosophia Holdings Corp V (NYSE:IPOE). The ticker symbol is IPOE, it's one of Chamath's SPACs. Financial services platform SoFi Inc. is planning to come public via a merger with a special-purpose acquisition company, or SPAC. Additionally, SoFi offers these students through desktop services and a mobile app. Article printed from InvestorPlace Media, https://investorplace.com/2021/01/spac-merger-news-why-ipod-ipoe-and-ipof-stock-are-on-the-move-today/. IPOD brought in $400 million while IPOF brought in $1 billion. Additionally, Palihapitiya is modeling significant revenue and profit growth for the company. On Thursday, he announced that Social Capital Hedosophia Holdings V (NYSE:IPOE), yet another of his blank-check companies, would take SoFi public. With that in mind, here is what you need to know about IPOE stock and the SoFi SPAC merger: So what else do you need to know about IPOE stock and the SoFi SPAC merger? Chamath Palihapitiya and Social Capital Hedosophia have produced no shortage of SPAC merger news today. Specifically, many are hoping that Ackman will identify a … 1125 N. Charles St, Baltimore, MD 21201. 2021 InvestorPlace Media, LLC. In 2019, SoFi was valued at $4.8 billion. The company expects to hit 3 million customers in 2021, representing year-over-year growth of 66%. SoFi to Go Public in $8.65 Billion SPAC Deal with Chamath Palihapitiya’s Social Capital Firms Secured More Capital via Stock Market Listings in 2020 than Any Other Year, Except 2007: Report The new one, SoFi, it's been agreed upon, so it's going public under a SPAC that you can buy on the market right now. The show confirmed the deal live on air Thursday. What we know about the SoFi IPO. • SoFi was founded in 2011 and was valued at $4.3 billion in its last private funding round. So what is all of the SPAC merger news about today? He is behind the Virgin Galactic (NYSE:SPCE), Opendoor (NASDAQ:OPEN) and Clover Health (NASDAQ:CLOV) deals. With revenue hitting almost 200 million a quarter in 2020, SoFi has an … The SPAC’s name and ticker symbol on the stock exchange is replaced with that of the target company. So what do you need to know now about IPOD, IPOE and IPOF stock? SPAC Merger News: Why IPOD, IPOE and IPOF Stock Are on the Move Today, SoFi represents the growing trend in finance, What to Expect When Facebook Reports Q4 Earnings, Louis Navellier and the InvestorPlace Research Staff, Strong Netflix Earnings Mean NFLX Stock Can Hit $700 in 2021, Luminar Might Be the Best Pure-Play on Autonomous Vehicles, Matt McCall and the InvestorPlace Research Staff, 7 Best Penny Stocks to Buy Early Into 2021, 4 Perfect Stocks to Start Your Retirement Portfolio, 7 Penny Stocks That Could See a Surge in a Biden Presidency. On January 19 at 4 p.m. EXCLUSIVE-SoFi to go public through merger with Palihapitiya-backed SPAC Jan 7, 2021 REUTERS NEXT-AirAsia Group "joined at hip" with Airbus despite cancellations Jan 11, 2021 That speculation is also likely behind the rally today, as Rivian is a fascinating electric vehicle maker with Amazon (NASDAQ:AMZN) backing. You can thank him for Opendoor (NASDAQ:OPEN) and Clover Health (NASDAQ:CLOV), which will begin trading on the Nasdaq Exchange tomorrow. SoFi was valued at $4.8 billion in 2019. Here’s what we know…. The company has received more than 56,000 ratings in the app store and claims more than 1.8 million … Importantly, Palihapitiya is the man behind several recent, high-profile special purpose acquisition companies. Analysis includes total gross proceeds, announcement deadline date (and number of months left until deadline), % held in trust, and list of symbols … IPOE stock shot up almost instantly because of the fintech potential. One of them was the sixth SPAC from the industry’s poster boys -- Jeff Sagansky and Harry Sloan. The big deal of the week was SoFi announcing a merger with Social Capital Hedosophia Holdings Corp V (IPOE). Momentum accelerated in December as more than 90% of SPAC IPOs were upsized, with the average deal increasing by 20%. SPAC … Essentially, following the SoFi SPAC merger news, many PSTH stock bulls were betting an Ackman announcement would soon follow. All rights reserved. It traded on the New York Stock Exchange under IPOE. SPAC Deals. He sees SPAC mergers as a way to bring businesses with huge growth potential to the public markets, bypassing the traditional IPO process. Other major FPGA suppliers include Intel Corp. and Xilinx Inc., which has a pending deal to be acquired by Advanced Micro Devices Inc. We all know that in … Article printed from InvestorPlace Media, https://investorplace.com/2021/01/ipoe-stock-9-things-to-know-ahead-of-the-sofi-spac-merger/. For investors then, that means IPOE stock could represent the opportunity to get in on the ground floor of a fast-growing fintech. The SPAC is targeting beauty, wellness, self-care, fashion, e-commerce, subscriptions and digital media. The company lets customers use a mobile app to do everything from refinance their student loans to invest. In early December, Reuters reported that SoFi was considering a public listing via a SPAC – considered to be a more streamlined, less costly path to trading shares on an exchange. ... symbol last chg Along with IPOE stock, Social Capital Hedosophia Holdings IV (NYSE:IPOD) and Social Capital Hedosophia Holdings VI (NYSE:IPOF) are currently trading without acquisition targets. Palihapitiya: Bitcoin going to $100K, then $150K, then $200K 07 Jan 2021 - CNBC.com. Specifically, many are hoping that Ackman will identify a … SPAC Deals: The big deal of the week was SoFi announcing a merger with Social Capital Hedosophia Holdings Corp V (NYSE: IPOE). So what comes next? This is his fifth SPAC. IPOE, the company behind the SoFi SPAC merger, brought in $700 million during … It helps customers with student loan refinancing, mortgages, personal loans, credit cards, investing and banking. Additionally, Palihapitiya and Osborne are huge champions of the recent SPAC craze that has dominated the public markets. The proposed ticker symbol for Genesis Park is GNPK.U. On the date of publication, Sarah Smith did not have (either directly or indirectly) any positions in the securities mentioned in this article. With this move SoFi is going to have an estimated value of around 8 Billion dollars. It’s an entity with no … The show confirmed the deal live on air Thursday. 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. 1125 N. Charles St, Baltimore, MD 21201. The merger with Palihapitiya’s SPAC … The big deal of the week was SoFi … Essentially, SoFi is an online fintech startup that specializes in all things personal finance. SoFi offers loan refinancing, mortgages, personal loans, credit cards, insurance, investing, and deposit accounts. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. No deals have been announced, but that has not stopped the speculation. Now, he is making a big bet on SoFi, a player in the fintech space. And beyond that, each SPAC is working with varying amounts of cash. 2021 InvestorPlace Media, LLC. That means a deal for IPOD or IPOF stock could be around the corner. Investors who are big fans of Palihapitiya will know that he often is looking for so-called 10x opportunities. Chamath Palihapitiya is at it again. Aeva Lidar is going public through the InterPrivate SPAC (special purpose acquisition company).The deal values Aeva Lidar at more than $2.1 billion and will hand it a $300 billion cash injection. INSU Acquisition Corp. II is a blank check company or a SPAC set up by the financial services firm Cohen & Co. to target companies in the insurance sector. Another thing to consider is the amount of investment made via PIPE's into SoFi. A download-able weekly list of all SPAC (Special Purpose Acquisition Company) IPO transactions. Financial services platform SoFi Inc. is planning to come public via a merger with a special-purpose acquisition company, or SPAC. Sofi is part of the new wave of companies … The company expects to hit 3 million customers in 2021, representing year-over-year growth of 66%. 1125 N. Charles St, Baltimore, MD 21201. In fact, Palihapitiya is behind Virgin Galactic (NYSE:SPCE), one of the first SPAC mergers in recent history. SPAC Dynamics: An interesting turn in SPACs are those SPACs being raised by Venture Funds, Growth Funds or Crossover funds in the hopes of working with an existing portfolio company. SoFi offers loan refinancing, mortgages, personal loans, credit cards, insurance, investing and deposit accounts. Copyright © In fact, three of his blank-check companies are racing higher. Some latest news about Sofi Stock Symbol. And most importantly, Palihapitiya has been very successful. To start, investors should get a sense of the basic story. Well, in addition to his first three completed deals, Palihapitiya and his Social Capital team are behind three other SPACs.