SoFi Technologies' Shares Fall After Closing Public Offering of Common Shares

MT Newswires Live01-07

SoFi Technologies (SOFI) shares fell more than 9% in recent Tuesday trading after the company said in a regulatory filing it closed a public offering of nearly 57.8 million common shares at $27.50 apiece.

The offering comprised the full exercise of an overallotment option by underwriters, according to the filing.

Price: 26.62, Change: -2.67, Percent Change: -9.10

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment