Why SoFi Technologies (SOFI) Stock Is Down Today

July 30 - SoFi Technologies SOFI shares slid 8% in pre?market trading after the company announced a $1.5 billion share offering.

On July 29, SoFi Technologies priced 71,942,450 new common shares at $20.85 apiece and gave underwriters a 30?day option to buy up to 10,791,367 more shares at the same rate. The deal closes on July 31, 2025, assuming everything goes smoothly, and SoFi plans to put the cash toward working capital and new growth initiatives.

Investors reacted to the dilution rather than any red flags about SoFi's business. The management team says this fresh capital will help speed up product rollouts, fuel marketing pushes and explore acquisitions, without tying the money to just one project.

In the fast?moving fintech world, having extra liquidity means SoFi can chase customer?acquisition tactics or team up with strategic partners. Sure, issuing more shares dilutes existing stakes, but it also means SoFi can pounce on opportunities without worrying about running out of cash. With interest rates steady and demand for digital banking climbing, SoFi heads into Q3 with a healthy cash cushion and plenty of flexibility to react to whatever the market throws its way.