SoFi Technologies Partners with Goldman Sachs for $1.5 Billion Stock Offering to Expand Product Lines Beyond Lending

COINOTAG News, December 5, citing Bloomberg, reports that SoFi Technologies, a fintech company expanding beyond its lending base, is targeting roughly $1.5 billion via a new stock issuance to broaden its product lines.

The equity offering is being steered with Goldman Sachs as lead banker, featuring an indicative price range of $27.50 to $28.50 per share and a discount of up to 7.1% to Thursday’s $29.60 close.