Latest news with #Galileo
Yahoo
3 hours ago
- Business
- Yahoo
SoFi Technologies, Inc. Announces Public Offering of Common Stock
SAN FRANCISCO, July 29, 2025--(BUSINESS WIRE)--SoFi Technologies, Inc. (NASDAQ: SOFI) ("SoFi" or the "Company") today announced an underwritten public offering of $1.5 billion of shares of its common stock. In connection with the offering, SoFi expects to grant the underwriter a 30-day option to purchase up to an additional 15% of the shares of common stock offered in the offering. All of the shares of common stock in the offering will be sold by SoFi. SoFi intends to use the net proceeds from the offering for general corporate purposes, including working capital and other business opportunities. Goldman Sachs & Co. LLC ("Goldman") will act as the underwriter in the offering. An automatic shelf registration statement on Form S-3 (Registration No. 333-289046) (including a base prospectus) became effective upon filing with the Securities and Exchange Commission on July 29, 2025. The offering will be made only by means of a preliminary prospectus supplement and a final prospectus supplement (together, the "prospectus supplement") and an accompanying base prospectus. Before investing, prospective investors should read the preliminary prospectus supplement, the accompanying base prospectus and the documents incorporated by reference therein for more complete information about the Company and the offering. You may get these documents, including the prospectus supplement, for free by visiting EDGAR on the SEC website at Copies of the prospectus supplement, when available, and the accompanying prospectus relating to this offering may be obtained by contacting: Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282, Telephone: (866) 471-2526 or via email: prospectus-ny@ This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About SoFi SoFi Technologies (NASDAQ: SOFI) is a one-stop shop for digital financial services on a mission to help people achieve financial independence to realize their ambitions. Over 11.7 million members trust SoFi to borrow, save, spend, invest, and protect their money – all in one app – and get access to financial planners, exclusive experiences, and a thriving community. Fintechs, financial institutions, and brands use SoFi's technology platform Galileo to build and manage innovative financial solutions across 160 million global accounts. ©2025 SoFi Technologies, Inc. All rights reserved. SOFI-F Forward-Looking Statements This press release includes forward-looking statements. Forward-looking statements represent SoFi's current expectations regarding future events, including the proposed offering of shares of common stock, and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those implied by the forward-looking statements, and there can be no assurance that future developments affecting SoFi will be those that it has anticipated. Among those risks and uncertainties are market conditions and competition, including market interest rates, SoFi's ability to satisfy evolving member and technology platform client preferences or to keep pace with market trends, and risks relating to SoFi's business, including those described in periodic reports that SoFi files from time to time with the Securities and Exchange Commission. The forward-looking statements included in this press release speak only as of the date of this press release, and SoFi does not undertake to update the statements included in this press release for subsequent developments, except as may be required by law. View source version on Contacts Investor RelationsIR@ MediaPR@ Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Globe and Mail
3 hours ago
- Business
- Globe and Mail
SoFi Technologies, Inc. Announces Public Offering of Common Stock
SoFi Technologies, Inc. (NASDAQ: SOFI) ('SoFi' or the 'Company') today announced an underwritten public offering of $1.5 billion of shares of its common stock. In connection with the offering, SoFi expects to grant the underwriter a 30-day option to purchase up to an additional 15% of the shares of common stock offered in the offering. All of the shares of common stock in the offering will be sold by SoFi. SoFi intends to use the net proceeds from the offering for general corporate purposes, including working capital and other business opportunities. Goldman Sachs & Co. LLC ('Goldman') will act as the underwriter in the offering. An automatic shelf registration statement on Form S-3 (Registration No. 333-289046) (including a base prospectus) became effective upon filing with the Securities and Exchange Commission on July 29, 2025. The offering will be made only by means of a preliminary prospectus supplement and a final prospectus supplement (together, the 'prospectus supplement') and an accompanying base prospectus. Before investing, prospective investors should read the preliminary prospectus supplement, the accompanying base prospectus and the documents incorporated by reference therein for more complete information about the Company and the offering. You may get these documents, including the prospectus supplement, for free by visiting EDGAR on the SEC website at Copies of the prospectus supplement, when available, and the accompanying prospectus relating to this offering may be obtained by contacting: Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282, Telephone: (866) 471-2526 or via email: prospectus-ny@ This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About SoFi SoFi Technologies (NASDAQ: SOFI) is a one-stop shop for digital financial services on a mission to help people achieve financial independence to realize their ambitions. Over 11.7 million members trust SoFi to borrow, save, spend, invest, and protect their money – all in one app – and get access to financial planners, exclusive experiences, and a thriving community. Fintechs, financial institutions, and brands use SoFi's technology platform Galileo to build and manage innovative financial solutions across 160 million global accounts. ©2025 SoFi Technologies, Inc. All rights reserved. SOFI-F Forward-Looking Statements This press release includes forward-looking statements. Forward-looking statements represent SoFi's current expectations regarding future events, including the proposed offering of shares of common stock, and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those implied by the forward-looking statements, and there can be no assurance that future developments affecting SoFi will be those that it has anticipated. Among those risks and uncertainties are market conditions and competition, including market interest rates, SoFi's ability to satisfy evolving member and technology platform client preferences or to keep pace with market trends, and risks relating to SoFi's business, including those described in periodic reports that SoFi files from time to time with the Securities and Exchange Commission. The forward-looking statements included in this press release speak only as of the date of this press release, and SoFi does not undertake to update the statements included in this press release for subsequent developments, except as may be required by law.
Business Wire
3 hours ago
- Business
- Business Wire
SoFi Technologies, Inc. Announces Public Offering of Common Stock
SAN FRANCISCO--(BUSINESS WIRE)--SoFi Technologies, Inc. (NASDAQ: SOFI) ('SoFi' or the 'Company') today announced an underwritten public offering of $1.5 billion of shares of its common stock. In connection with the offering, SoFi expects to grant the underwriter a 30-day option to purchase up to an additional 15% of the shares of common stock offered in the offering. All of the shares of common stock in the offering will be sold by SoFi. SoFi intends to use the net proceeds from the offering for general corporate purposes, including working capital and other business opportunities. Goldman Sachs & Co. LLC ('Goldman') will act as the underwriter in the offering. An automatic shelf registration statement on Form S-3 (Registration No. 333-289046) (including a base prospectus) became effective upon filing with the Securities and Exchange Commission on July 29, 2025. The offering will be made only by means of a preliminary prospectus supplement and a final prospectus supplement (together, the 'prospectus supplement') and an accompanying base prospectus. Before investing, prospective investors should read the preliminary prospectus supplement, the accompanying base prospectus and the documents incorporated by reference therein for more complete information about the Company and the offering. You may get these documents, including the prospectus supplement, for free by visiting EDGAR on the SEC website at Copies of the prospectus supplement, when available, and the accompanying prospectus relating to this offering may be obtained by contacting: Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282, Telephone: (866) 471-2526 or via email: prospectus-ny@ This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About SoFi SoFi Technologies (NASDAQ: SOFI) is a one-stop shop for digital financial services on a mission to help people achieve financial independence to realize their ambitions. Over 11.7 million members trust SoFi to borrow, save, spend, invest, and protect their money – all in one app – and get access to financial planners, exclusive experiences, and a thriving community. Fintechs, financial institutions, and brands use SoFi's technology platform Galileo to build and manage innovative financial solutions across 160 million global accounts. ©2025 SoFi Technologies, Inc. All rights reserved. SOFI-F Forward-Looking Statements This press release includes forward-looking statements. Forward-looking statements represent SoFi's current expectations regarding future events, including the proposed offering of shares of common stock, and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those implied by the forward-looking statements, and there can be no assurance that future developments affecting SoFi will be those that it has anticipated. Among those risks and uncertainties are market conditions and competition, including market interest rates, SoFi's ability to satisfy evolving member and technology platform client preferences or to keep pace with market trends, and risks relating to SoFi's business, including those described in periodic reports that SoFi files from time to time with the Securities and Exchange Commission. The forward-looking statements included in this press release speak only as of the date of this press release, and SoFi does not undertake to update the statements included in this press release for subsequent developments, except as may be required by law.
Yahoo
a day ago
- Business
- Yahoo
SoFi Technologies Q2 2025 Earnings Preview: Crypto Relaunch and Margin Watch
SoFi Technologies (NASDAQ:SOFI) will report Q2 2025 earnings before the market opens on Tuesday, July 29. Consensus estimates point to EPS of $0.06 and revenue of $804 million, up 42% from a year ago. Analysts have been raising estimates, and shares closed at $21.20 on July 25 2025, up 32% over the past month and just 6% away from its all-time highs, reflecting strong sentiment ahead of the Q2 report. SoFi reported Q1 adjusted net revenue of $771 million and net income of $71 million, with member count rising by a record 800,000 to 10.9 million, while fee-based revenue and platform usage saw record levels. Management projects Q2 adjusted net revenue between $785 million and $805 million, with GAAP net income translating to EPS of $0.05 to $0.06. Investors will focus on whether member growth, product adoption, and fee diversification continue to accelerate, with growth in technology platform fees (via Galileo), momentum in loan platform activity, and improved deposit funding efficiency key to sustaining margin expansion. Investors will also be tracking management commentary about re-entry into cryptocurrency services. After suspending Bitcoin and Ethereum trading in late 2023 as part of compliance with OCC requirements tied to its bank charter, the firm plans to relaunch crypto investing, custody, stablecoin-based remittances, staking, and loans against digital assets later in 2025, leveraging new OCC guidance that allows national banks to offer crypto-related services. This move could contribute fee based revenue growth and reinforce SoFi's positioning as a regulated digital-first platform. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
2 days ago
- Business
- Yahoo
SoFi Technologies Q2 2025 Earnings Preview: Crypto Relaunch and Margin Watch
SoFi Technologies (NASDAQ:SOFI) will report Q2 2025 earnings before the market opens on Tuesday, July 29. Consensus estimates point to EPS of $0.06 and revenue of $804 million, up 42% from a year ago. Analysts have been raising estimates, and shares closed at $21.20 on July 25 2025, up 32% over the past month and just 6% away from its all-time highs, reflecting strong sentiment ahead of the Q2 report. SoFi reported Q1 adjusted net revenue of $771 million and net income of $71 million, with member count rising by a record 800,000 to 10.9 million, while fee-based revenue and platform usage saw record levels. Management projects Q2 adjusted net revenue between $785 million and $805 million, with GAAP net income translating to EPS of $0.05 to $0.06. Investors will focus on whether member growth, product adoption, and fee diversification continue to accelerate, with growth in technology platform fees (via Galileo), momentum in loan platform activity, and improved deposit funding efficiency key to sustaining margin expansion. Investors will also be tracking management commentary about re-entry into cryptocurrency services. After suspending Bitcoin and Ethereum trading in late 2023 as part of compliance with OCC requirements tied to its bank charter, the firm plans to relaunch crypto investing, custody, stablecoin-based remittances, staking, and loans against digital assets later in 2025, leveraging new OCC guidance that allows national banks to offer crypto-related services. This move could contribute fee based revenue growth and reinforce SoFi's positioning as a regulated digital-first platform. This article first appeared on GuruFocus.
