SoFi IPO

sofi.com | FinTech | Founded: 2011 | Funding to Date: $3.28B

Social Finance (“SoFi”) was founded in 2011 by Mike Cagney, Ian Brady, James Finnigan, and Dan Macklin. In April 2019, SoFi CEO Anthony Noto stated in an interview with Yahoo! Finance that “an IPO is not a priority at this point.” These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.

SoFi is an online finance company and student loan servicer. The company has raised over $2.4 billion in Venture Capital funding from investors including Manhattan Venture Partners, Qatar Investment Authority, G Squared, GGV Capital, SharesPost, SoftBank, Silver Lake Management, IVP, Peter Thiel, Baseline Ventures, DCM Ventures, and RPM Ventures. Per company press releases, SoFi last raised $500 million in May 2019 at a post-money valuation of $4.8 billion.

Date of Last Funding Round May 2019
Value at Last Round $4.81 B
Amount of Last Raise $500 MM
Total Funding to Date $2.4 B

ENTERPRISE VALUE (based on primary fundings)

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Mutual Funds holding SoFi

  • The Hartford Capital Appreciation Fund - January 2019

  • Hartford Capital Appreciation HLS Fund - December 2018

  • The Hartford Growth Opportunities Fund - April 2017

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Learn more about buying or selling SoFi Stock >>

NEWS

Crowd Fundinsider

Click HERE to find out ⭐ SoFi Trades on Nasdaq Following SPAC Deal. | Crowdfund Insider: Global Fintech News, including Crowdfunding, Blockchain and more.

FINSMES

Social Finance, Inc., a Silicon Valley based financial services platform, and Social Capital Hedosophia Holdings Corp. V (NYSE: IPOE) ("SCH"), a publicly traded special purpose acquisition company, completed their previously announced transaction to take SoFi public

Crowd Fundinsider

Click HERE to find out ⭐ SoFi Launches First Credit Card. | Crowdfund Insider: Global Fintech News, including Crowdfunding, Blockchain and more.

Disclaimer

None of the information displayed on this page (i) represents an offer to buy or sell or a solicitation of an offer to buy or sell any security, (ii) constitutes an offer to provide investment advice or service, nor (iii) should be construed to mean that a company has officially endorsed a plan to participate in, or forego, an IPO merely by its inclusion on this page.

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