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SoFi to go public via $IPOE
$IPOE is merging with SoFi to take them public!
What is SoFi?
"SoFi’s mission is to help people achieve financial independence by getting their money right, providing access to a comprehensive suite of financial services in a single app that empowers members to borrow, save, spend, invest, and protect their money."
The transaction values the Company at an equity value of $8.65 billion post-money.
Why am I investing in $IPOE /SoFi
SoFi has built a suite of money solutions that appeals widely to Millennials and Gen Z. A quick social search on YouTube for "SoFi Review" generates a ton of results.
A few of SoFi's products:
- Student loan refi
- Personal loans
- Home loans
- Commission-free trading and fractional shares
- Life insurance
- Credit card
Their affiliate and referral programs for user acquisition are some of the best rates in the industry.
Read more about SoFi and Chamath's thesis here: https://twitter.com/chamath/status/1347226253854609414/photo/1
SoFi press release: https://www.sofi.com/press/sofi-plans-to-go-public
SoFi
SoFi, A Leading Next-Generation Financial Services Platform, Announces Plans to Become Publicly-traded via Merger with Social Capital Hedosophia | SoFi
• SoFi’s mission is to help people achieve financial independence by getting their money right, providing access to a comprehensive suite of services in a single app that empowers members to borrow, save, spend, invest and protect their money • SoFi’s one-stop shop, multi-product strategy and leading technology platform, Galileo, place the company at the …
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