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Alan86
2021-05-12

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SoFi Moving Forward With Pre-IPO and SPAC Offering Plans

SoFi will soon go public through Chamath Palihapitiya's blank-check company Social Capital Hedosophi

SoFi Moving Forward With Pre-IPO and SPAC Offering Plans

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V(NYSE:IPOE). SoFi will serve as an underwriter in an upcoming initial public ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/05/11/sofi-moving-forward-with-pre-ipo-and-spac-offering/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.fool.com/investing/2021/05/11/sofi-moving-forward-with-pre-ipo-and-spac-offering/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160324424","content_text":"SoFi will soon go public through Chamath Palihapitiya's blank-check company Social Capital Hedosophia Holdings Corp. V(NYSE:IPOE). SoFi will serve as an underwriter in an upcoming initial public offering (IPO) for a special purpose acquisition company (SPAC).\nThe move shows that the online lender is moving forward with its plans to allow retail investors to invest in IPOs and SPACs at the pre-listing stage.\nSoFi runs an online brokerage as part of its sprawling financial services organization. Earlier this year, the company said it would make it possible for members with at least $3,000 of cash and settled assets in their SoFi Invest accounts to participate in new offerings before they hit the public markets.\n\"We have a very different customer base, members who are high earners, not well served,\" SoFi's CEO Anthony Noto told Reuters back in March. \"It's a client base that is interested in investing, is actively managing a portfolio and focused on financial objectives. 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