SoFi Technologies Plans to Raise $1.5 Billion through a Stock Offering to Expand Its Product Lines

BlockBeats News, December 5th, according to Bloomberg citing sources, fintech company SoFi Technologies is reportedly seeking to raise $1.5 billion through a new stock issuance to expand its product line beyond lending. The company is currently working with Goldman Sachs to advance this offering, with an issuance price range of $27.50 to $28.50 per share, representing a discount of approximately 7.1% to the Thursday closing price of $29.60 per share.