Reuters broke the news on Thursday that online lending startup Social Finance Inc (SoFi) is nearing a deal to go public through a merger with Social Capital Hedosophia Holdings Corp V, a blank-check acquisition company led by venture capital investor Chamath Palihapitiya. The report was later confirmed by an official statement from the company.
Business & FinanceDeals
Reuters reveals SoFi near deal to go public with SPAC backed by venture capital investor Palihapitiya; market reacts
07 January 2021, 5:00 pm 1 minute
Market Impact
Shares of Social Capital Hedosophia Holdings Corp V jumped as much as 47.9% following the Reuters report and later pared gains to trade up around 26% at $15.30 apiece at 11:01 a.m. eastern time.
Article Tags
Topics of Interest: Business & FinanceDeals
Type: Reuters Best
Sectors: Equities
Regions: North America
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story
