SoFi Stock Drops After $1.5 Billion Share Sale: What Today’s Move Means for SOFI and Its 2025–2030 Forecast
SoFi Technologies shares fell about 6% to $27.80 on December 5 after the company priced a $1.5 billion public stock offering at $27.50 per share, a 7% discount to the prior close. The move marks SoFi’s second equity raise of this size in six months, with heavy trading volume reported after the announcement.