SoFi Technologies, Inc. has priced its underwritten public offering of 54,545,454 shares of its common stock at $27.50 per share, anticipating gross proceeds of approximately $1.5 billion.
The offering includes a 30-day option granted to the underwriters to purchase up to an additional 8,181,818 shares of common stock at the public offering price, less underwriting discounts and commissions. The offering is expected to conclude on December 8, 2025, pending customary closing conditions.
All shares in the offering are being sold by SoFi, with net proceeds intended for general corporate purposes. This includes enhancing the company’s capital position, increasing financial optionality, improving capital management efficiency, and funding incremental growth and new business opportunities.
The underwriting syndicate for the offering comprises Goldman Sachs & Co. LLC, BofA Securities, Citigroup, Deutsche Bank Securities, and Mizuho. An automatic shelf registration statement on Form S-3 became effective with the Securities and Exchange Commission (SEC) on July 29, 2025. Prospective investors are advised to review the base prospectus, accompanying prospectus supplement, and incorporated documents filed with the SEC at www.sec.gov for complete information regarding the company and the offering.
SoFi Technologies (NASDAQ: SOFI) operates as a digital financial services provider, aiming to support individuals in achieving financial independence. The platform serves over 12.6 million members who utilize its integrated services for borrowing, saving, spending, investing, and financial protection. Additionally, SoFi’s technology platform, Galileo, is employed by various fintechs, financial institutions, and brands to develop and manage financial solutions for nearly 160.0 million global accounts.
