SoFi stock ends lower after-hours as dilution worries linger ahead of Jan. 30 results
SoFi shares closed down 1.1% at $27.40 Friday after the company sold 57.8 million shares at $27.50 each, increasing supply following underwriters’ exercise of a greenshoe option. The stock lagged the S&P 500’s record close. Investors await SoFi’s Jan. 30 earnings report and conference call for updates on capital and growth.