1125 N. Charles St, Baltimore, MD 21201. Sofi is all over the financial news because it is going public with the help of Spac, which is backed by Chamath Palihapitiya, a venture capital investor. That means a deal for IPOD or IPOF stock could be around the corner. Keep a close eye on the SoFi SPAC merger, and make sure to do your own research. On the date of publication, Sarah Smith did not have (either directly or indirectly) any positions in the securities mentioned in this article. That speculation is also likely behind the rally today, as Rivian is a fascinating electric vehicle maker with Amazon (NASDAQ:AMZN) backing. Richard Costolo, the former Twitter (NYSE:TWTR) CEO, is the unique executive behind IPOF stock. quotes delayed at least 15 minutes, all others at least 20 minutes. 1125 N. Charles St, Baltimore, MD 21201. He sees SPAC mergers as a way to bring businesses with huge growth potential to the public markets, bypassing the traditional IPO process. All rights reserved. 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? ... will reveal his #1 stock pick for 2021 — for FREE — ticker symbol and all — in a special presentation. The company has received more than 56,000 ratings in the app store and claims more than 1.8 million active customers. It seems that as investors continue to cheer the IPOE stock news, they will also be paying close attention to IPOD and IPOF. It helps customers with student loan refinancing, mortgages, personal loans, credit cards, investing and banking. As one of the top players in the finance industry, investors are eager for SoFi stock to hit the market. Copyright © And most importantly, Palihapitiya has been very successful. All rights reserved. Importantly, Palihapitiya is the man behind several recent, high-profile special purpose acquisition companies. The SPAC’s name and ticker symbol on the stock exchange is replaced with that of the target company. SPAC … Some latest news about Sofi Stock Symbol. So what is all of the SPAC merger news about today? Nasdaq The proposed ticker symbol for Genesis Park is GNPK.U. The show confirmed the deal live on air Thursday. The SPAC merger would raise its value to $6 billion. In fact, Palihapitiya is behind Virgin Galactic (NYSE:SPCE), one of the first SPAC mergers in recent history. SoFi is going public via SPAC(Special Purpose Acquisition Corp) a method that has exploded in popularity in 2020. SoFi was founded in 2011 and was valued at $4.3 billion in its last private funding round. SoFi was founded in 2011 and was valued at $4.3 billion in its last private funding round. SPAC Deals: The big deal of the week was SoFi announcing a merger with Social Capital Hedosophia Holdings Corp V (NYSE:IPOE). Copyright © 2021 InvestorPlace Media, LLC. Essentially, SoFi represents the growing trend in finance toward startups and away from legacy banks. Copyright © Fintech start-up SoFi says it will merge with a special purpose acquisition company, or SPAC, backed by venture capital investor Chamath Palihapitiya. 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 pending merger with Social Capital Hedosophia … Analysis includes total gross proceeds, announcement deadline date (and number of months left until deadline), % held in trust, and list of symbols … SoFi announced they will be merging with a SPAC in order to go public at a $9 billion dollar evaluation at the end of the first quarter of 2021. And beyond that, each SPAC is working with varying amounts of cash. On Thursday, he announced that Social Capital Hedosophia Holdings V (NYSE:IPOE), yet another of his blank-check companies, would take SoFi public. Chamath Palihapitiya and Social Capital Hedosophia have produced no shortage of SPAC merger news today. A download-able weekly list of all SPAC (Special Purpose Acquisition Company) IPO transactions. SoFi is going Public. SPAC Deals. Investors who are big fans of Palihapitiya will know that he often is looking for so-called 10x opportunities. You can thank him for Opendoor (NASDAQ:OPEN) and Clover Health (NASDAQ:CLOV), which will begin trading on the Nasdaq Exchange tomorrow. SPAC Deals: The big deal of the week was SoFi announcing a merger with Social Capital Hedosophia Holdings Corp V (NYSE: IPOE). With this move SoFi is going to have an estimated value of around 8 Billion dollars. SoFi IPO: The Business. The ticker symbol is IPOE, it's one of Chamath's SPACs. Palihapitiya to take online lender SoFi public via SPAC 07 Jan 2021 - CNBC.com. The SPAC is targeting beauty, wellness, self-care, fashion, e-commerce, subscriptions and digital media. SoFi announced they will be merging with a SPAC in order to go public at a $9 billion dollar evaluation at the end of the first quarter of 2021. • SoFi was founded in 2011 and was valued at $4.3 billion in its last private funding round. Each of the SPACs has a nearly identical executive team, with one unique member per business. ET, the man who recommended Google before anyone else will reveal his #1 stock pick for 2021 — for FREE — ticker symbol and all — in a special presentation. In fact, three of his blank-check companies are racing higher. Palihapitiya and Ian Osborne, IPOE president and director, bring a vast amount of experience in identifying tech winners to the table. Based on the previous enthusiasm surrounding Social Capital Hedosophia, this blank-check company will certainly continue to be in the spotlight. Plus, as a few savvy investors have highlighted, the Opendoor and Clover Health deals were announced in quick succession. The company expects to hit 3 million customers in 2021, representing year-over-year growth of 66%. Chamath Palihapitiya’s SPAC IPO History. SoFi is going public via a merger with a SPAC backed by billionaire investor Chamath Palihapitiya.. Palihapitiya made the announcement on CNBC on Thursday, and Reuters first reported talks of the deal this morning, citing sources familiar with the matter.. SoFi … ... symbol last chg 3 Reasons To Buy SoFi Stock After Its SPAC IPO Forbes - Peter Cohan. Additionally, SoFi offers these students through desktop services and a mobile app. 1125 N. Charles St, Baltimore, MD 21201. SoFi exceeded my expectations, kudos to Spac King Chamath for landing that winner racehorse! 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. All rights reserved. Additionally, Palihapitiya is modeling significant revenue and profit growth for the company. One of them was the sixth SPAC from the industry’s poster boys -- Jeff Sagansky and Harry Sloan. SoFi Plans for More Mergers After Going Public Through SPAC. Specifically, many are hoping that Ackman will identify a … 2021 InvestorPlace Media, LLC. Here is a look back at some of the important SPAC news for the week ending Jan. 8. The SoFi IPO is confirmed in a press release from January 7. There are no historical financial data or assets to be described. The pending merger … Sofi is part of the new wave of companies … IPOE stock came public in October 2020, making it the fifth blank-check company bearing the Social Capital Hedosophia name. Visit Business Insider's homepage for more stories . Analysis includes total gross proceeds, announcement deadline date (and number of months left until deadline), % held in trust, and list of symbols for all trading securities included in the unit. To start, investors should know that Palihapitiya is one of the leaders of the recent special purpose acquisition company moment. Achronix, a semiconductor company, is merging with Ace Convergence Acquisition (NASDAQ: ACEV). • SoFi will be valued at nearly $9 billion and the personal finance company is expected to receive up to $2.4 billion in proceeds from the deal. This is his fifth SPAC. Should he invest in SoFi stock? Keep an eye on this SPAC merger news. One of them, Social Capital Hedosophia Holdings V (NYSE:IPOE), announced its plans to bring SoFi public. Visit Business Insider's homepage for more stories . The SPAC's warrants will … The SPAC is targeting beauty, wellness, self-care, fashion, e-commerce, subscriptions and digital media. Palihapitiya: Bitcoin going to $100K, then $150K, then $200K 07 Jan 2021 - CNBC.com. The second SPAC from Joanna Coles and Jonathan Ledecky has no announced ticker symbol yet. Essentially, SoFi is an online fintech startup that specializes in all things personal finance. The combined company will be renamed Clover Health Investments, and will begin trading under its new symbol, CLOV, on the Nasdaq beginning on Friday, Jan. 8. IPOE, the company behind the SoFi SPAC merger, brought in $700 million during … So what do you need to know now about IPOD, IPOE and IPOF stock? The merger with Palihapitiya’s SPAC … Online lender SoFi said Thursday it will enter the public markets through a merger with Social Capital Hedosophia Holdings Corp V, a special-purpose acquisition company led by billionaire Chamath Palihapitiya. Sarah Smith is a Web Content Producer with InvestorPlace.com. Expectations are for adjusted net revenues to grow with a five-year compound annual growth rate of 43%. 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. IPOD and IPOF stock could be the next high-flying names. Instead of half a year or longer, the entire process can be completed in about 15 weeks. Momentum accelerated in December as more than 90% of SPAC IPOs were upsized, with the average deal increasing by 20%. According to the SoFi SPAC merger one-pager, things are looking bright for the fintech. The SPAC’s name and ticker symbol on the stock exchange is replaced with that of the target company. Another thing to consider is the amount of investment made via PIPE's into SoFi. With revenue hitting almost 200 million a quarter in 2020, SoFi has an … Also surprised that IPOE announced merge before IPOD & IPOF but not complaining since I own all 3 Spacs. A download-able weekly list of all SPAC (Special Purpose Acquisition Company) IPO transactions. Essentially, following the SoFi SPAC merger news, many PSTH stock bulls were betting an Ackman announcement would soon follow. SoFi offers loan refinancing, mortgages, personal loans, credit cards, insurance, investing and deposit accounts. In 2019, SoFi was valued at $4.8 billion. Well, the SPAC merger news today is as simple as the fact that Palihapitiya has once again alerted investors to the potential of his blank-check companies. Copyright © 2021 InvestorPlace Media, LLC. Article printed from InvestorPlace Media, https://investorplace.com/2021/01/spac-merger-news-why-ipod-ipoe-and-ipof-stock-are-on-the-move-today/. SPAC Deals. 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. Now, he is making a big bet on SoFi, a player in the fintech space. The stock symbol is GOOGL, and I recommend you do not pay more than $1,600 per share. With this in mind, it is more clear why IPOE stock is up more than 60% in intraday trading. If semi companies are sexy to you, this SPAC to me is a really good deal. 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. The SPAC, Social Capital Hedosophia Corporation V, is backed by venture capitalist Chamath Palihapitiya and originally went public on the NYSE in October, 2020 under the symbol “IPOE.” Altogether, the company raised $800 million from its IPO. The second SPAC from Joanna Coles and Jonathan Ledecky has no announced ticker symbol yet. 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. For investors, that means now is the time to dive into those two SPACs and figure out what makes them special. Financial services platform SoFi Inc. is planning to come public via a merger with a special-purpose acquisition company, or SPAC. The company expects to hit 3 million customers in 2021, representing year-over-year growth of 66%. The IPO listed March 5, raising $600 million at the traditional SPAC price of $10 a unit. Nirav Tolia, the former CEO and co-founder of Nextdoor is behind IPOD stock. The second SPAC from Joanna Coles and Jonathan Ledecky has no announced ticker symbol yet. 9 Things to Know Ahead of the SoFi SPAC Merger ... next contract is for March 2021 under the core symbol of BTC with H for March and 1 for 2021 for the effective trading symbol … Here’s what we know…. For investors then, that means IPOE stock could represent the opportunity to get in on the ground floor of a fast-growing fintech. And overall, many analysts feel SPAC IPOs provide less risk. IPOE stock shot up almost instantly because of the fintech potential. Specifically, many are hoping that Ackman will identify a … Essentially, following the SoFi SPAC merger news, many PSTH stock bulls were betting an Ackman announcement would soon follow. ... SPAC is looking to buy a mature unicorn. SoFi originally utilized an alumni-funded lending model that … This is the same team that recently announced a merger with Barkbox parent Bark with Northern Star Investment Corp (NYSE: STIC) in one of the fastest announced SPAC deals in … The big deal of the week was SoFi announcing a merger with Social Capital Hedosophia Holdings Corp V (IPOE). Additionally, Palihapitiya and Osborne are huge champions of the recent SPAC craze that has dominated the public markets. On the date of publication, Sarah Smith did not have (either directly or indirectly) any positions in the securities mentioned in this article. 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 The key investor takeaway is that SoFi is an appealing investment once the business combination with the IPOE SPAC closes in a few months. The key investor takeaway is that SoFi is an appealing investment once the business combination with the IPOE SPAC closes in a few months. According to the SoFi SPAC merger one-pager, things are looking bright for the fintech. No deals have been announced, but that has not stopped the speculation. On January 19 at 4 p.m. The show confirmed the deal live on air Thursday. Achronix, a semiconductor company, is … 2021 InvestorPlace Media, LLC. SoFi offers loan refinancing, mortgages, personal loans, credit cards, insurance, investing, and deposit accounts. Well, in addition to his first three completed deals, Palihapitiya and his Social Capital team are behind three other SPACs. IPOE, the company behind the SoFi SPAC merger, brought in $700 million during its IPO. Model. He says consumers are looking for low fees, accessible services, transparent lending and a one-stop shop for financial products. Beneath the flashy SPAC of SoFi, there’s another one of note in the works. Some of the more successful SPACs include Virgin Galactic(SPCE), Open Door Technologies(OPEN), Draftkings(DKNG). It’s an entity with no … With that in mind then, what are the numbers for SoFi? Chamath Palihapitiya's latest SPAC target is a different kind of fintech. The ticker symbol is IPOE, it's one of Chamath's SPACs. He is behind the Virgin Galactic (NYSE:SPCE), Opendoor (NASDAQ:OPEN) and Clover Health (NASDAQ:CLOV) deals. The SPAC merger would value SoFi at $6 billion. 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 … The company lets customers use a mobile app to do everything from refinance their student loans to invest. According to one Seeking Alpha columnist, many investors are hoping that Rivian is a potential target of IPOF. A SPAC is a special purpose acquisition company, or blank-check company. The show confirmed the deal live on air Thursday. To start, investors should get a sense of the basic story. The company has received more than 56,000 ratings in the app store and claims more than 1.8 million … SoFi to go public via SPAC. SPAC IPO: The process for a SPAC IPO, as described above, is significantly shorter than the traditional IPO. 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 SoFi … It traded on the New York Stock Exchange under IPOE. The price is estimated at $10 per unit, for 15 million shares. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Sarah Smith is a Web Content Producer with InvestorPlace.com. 1125 N. Charles St, Baltimore, MD 21201. SoFi to Go Public Through Merger With SPAC Social Finance, an online consumer finance platform, plans to go public through a merger with a SPAC, Social Capital Hedosophia Corp. V. Frequently Asked … Model. So what comes next? SoFi originally utilized an alumni-funded lending model that connected students and recent graduates with alumni and institutional investors via school specific student loan funds. 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 … He also estimated profits of $27 million in 2021 expanding to profits of $1.17 billion in 2025. Press Releases. quotes delayed at least 15 minutes, all others at least 20 minutes. Find the latest SoFi Weekly Income ETF (TGIF) stock quote, history, news and other vital information to help you with your stock trading and investing. The second SPAC from Joanna Coles and Jonathan Ledecky has no announced ticker symbol yet. IPOD brought in $400 million while IPOF brought in $1 billion. 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. Financial services platform SoFi Inc. is planning to come public via a merger with a special-purpose acquisition company, or SPAC. But is SoFi a good investment opportunity? 2020 has been the year of the SPAC IPO. All rights reserved. And beyond that, each SPAC is working with varying amounts of cash. 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. Nasdaq When SPACs go public, institutional investors are offered shares that are called … The SPAC is … Social Finance or Sofi for short is an up and coming company in the Financial Technology sector or FinTech for short. This is his fifth SPAC. The SoFi SPAC merger comes as Palihapitiya says legacy banks are failing. The big deal of the week was SoFi … What we know about the SoFi IPO. Find the latest SoFi Next 500 ETF (SFYX) stock quote, history, news and other vital information to help you with your stock trading and investing. Chamath Palihapitiya is at it again. Because of this, he believes consumer expectations and behaviors are shifting toward fintech startups like SoFi. But here’s the thing… That’s a lot of money for a single share… and big gains here are likely to take at … IPOD brought in $400 million … SoFi was valued at $4.8 billion in 2019. As exciting as the IPOE stock news is, where does the rest of the buzz come from? SoFi is going public via a SPAC backed by billionaire investor Chamath Palihapitiya, according to an announcement made on CNBC on Thursday. How about how SoFi fits into the red-hot fintech story? SHAREHOLDER ALERT: WeissLaw LLP Reminds IPOE, VSPR, … Jan 7, 2021. The SPAC, Social Capital Hedosophia Corporation V, which is backed by venture capitalist Chamath Palihapitiya, originally went public in October 2020 when it raised $800 million in its IPO. 9 Things to Know Ahead of the SoFi SPAC Merger ... next contract is for March 2021 under the core symbol of BTC with H for March and 1 for 2021 for the effective trading symbol of … 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. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. The lack of information needed leads to less involvement from the SEC. This would give the SPAC an estimated volume of … As IPOE stock races ahead, here is what you need to know about the upcoming SoFi SPAC merger. And beyond that, each SPAC is working with varying amounts of cash. IPOE Stock: 9 Things to Know Ahead of the SoFi SPAC Merger, raised $700 million by offering 70 million units, claims more than 1.8 million active customers, 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. What I like about Achronix is the limited competitors they have. Beneath the flashy SPAC of SoFi, there’s another one of note in the works. IPOE, the company behind the SoFi SPAC merger, brought in $700 million during its IPO. Article printed from InvestorPlace Media, https://investorplace.com/2021/01/ipoe-stock-9-things-to-know-ahead-of-the-sofi-spac-merger/. 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