SoFi to go public via SPAC merger at $8.65B valuation | FI SENSE


SoFi, the operator of one of the most popular consuming banking apps, announced plans to hit the stock market via a SPAC merger at an $8.65 billion valuation.

A SPAC merger is a type of deal wherein a firm teams up an investor or group of investors to help it go public. The investors create a so-called special-purpose acquisition company and list its shares on a stock exchange via an initial public offering. Then the firm looking to go public merges with the SPAC, which is faster than a traditional IPO and can have certain other benefits.



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