SoFi’s stock drops on $1.5 billion share sale announcement

## SoFi Shares Dip After $1.5 Billion Stock Offering

SoFi, the fintech company offering online loans and banking services, saw its shares tumble in after-hours trading following the announcement of a significant stock offering. Here’s a quick rundown of what happened:

• **Stock Drop:** SoFi shares fell nearly 6% in extended trading on Thursday.
• **The Offering:** The company plans to sell $1.5 billion in stock.
• **Use of Funds:** Proceeds will be used for general corporate purposes, including strengthening its capital position, increasing flexibility, and funding growth opportunities.
• **Context:** This offering comes after a strong performance for SoFi, with its market cap nearly doubling in 2025 and the stock price up more than sixfold since the end of 2022.
• **Why the Drop?** Share prices often decline when a company issues new shares, as it dilutes the value of existing shares.
• **Recent Performance:** In its third-quarter earnings, SoFi reported strong revenue growth (38% year-over-year) and a doubling of net income.

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