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NYSE:IPOE   SOCIAL CAP HEDOSOPHIA HLDGS CORP V
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SoFi going public at $8.65B valuation via merger with Chamath's Social Capital

Jan. 07, 2021 10:59 AM ETSocial Capital Hedosophia Holdings Corp. V ( IPOE )By: Liz Kiesche, SA News Editor

Social Capital Hedosophia Holdings Corp. V (NYSE:IPOE) soars 30% after Sofi Finance (SOFI) confirmed a Reuters report that online lending startup is nearing a deal to go public by merging with the blank check company lead by VC investor Chamath Palihapitiya.

Update 12pm: Palihapitiya confirmed the news in interview on CNBC and a press release was issued

Transaction values SoFi at an equity value of $8.65B post-money and is expected to provide up to $2.4B in cash proceeds, including a fully committed PIPE of $1.2B, and up to $80M of cash held in the trust account of Social Capital Hedosophia.

Palihapitiya-sponsored special purpose acquisition companies have already signed deals to take Opendoor and Clover Health public via mergers.

https://seekingalpha.com/news/3649673-so...
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Comments

great analysis!
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TradingMavericks Vibranium_Capital
@Vibranium_Capital, thank you!
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Vibranium_Capital TradingMavericks
@TradingMavericks, no problem :) keep up the good work dear
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Well, regarding the article. I still think it goes up from here.
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You're a little late to the party.
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@tomk2020, I'm never early to a party. I'd like to take the more sophisticated gentleman's entry. 😉
+1 Reply
tomk2020 tomk2020
@TradingMavericks well played. I'm deep in IPOD/IPOE/IPOF. His SPACs go up.
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