SoFi Technologies Shares Fall After Public Offering News
Dow Jones06:53
Shares of SoFi Technologies were trading in the red in the after-hours market, after the digital financial services company announced an underwritten public offering of $1.5 billion of shares of its common stock.
The stock was down 6% in the after-hours market Thursday, at $27.92.
The stock finished the day's regular session at $29.60, gaining 1.8%.
All shares in the offering will be sold by SoFi, with proceeds going toward general corporate purposes, among other uses.
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