SoFi prices $1.5 billion public offering at $27.50 per share

SoFi Technologies Inc. (NASDAQ: SOFI) announced the pricing of its public offering of 54,545,454 shares of common stock at $27.50 per share, generating approximately $1.5 billion in gross proceeds before underwriting discounts and offering expenses.

The company has granted underwriters a 30-day option to purchase up to an additional 8,181,818 shares at the same price, less underwriting discounts and commissions. The offering is expected to close on December 8, 2025, subject to customary closing conditions.

SoFi plans to use the net proceeds for general corporate purposes, including enhancing its capital position, increasing operational optionality, improving capital management efficiency, and funding growth and business opportunities.

Goldman Sachs & Co. LLC, BofA Securities, Citigroup, Deutsche Bank Securities and Mizuho serve as underwriters for the offering. The shares are being sold under an automatic shelf registration statement on Form S-3 that became effective with the Securities and Exchange Commission on July 29, 2025.

All shares in the offering will be sold by SoFi directly. The company operates as a digital financial services platform serving over 12.6 million members and provides technology solutions through its Galileo platform across nearly 160 million global accounts.

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