SoFi down after disclosing exercise of underwriters' option to buy shares in public stock offering Jan. 06, 2026
SoFi Technologies (SOFI) was trading lower after an announcement on the exercise of underwriters' option to purchase shares in a previously-announced underwritten public offering.
SOFI shares were -9.97% to $26.36 around Tuesday noon.
On December 4, the San Francisco-based financial services provider had said its underwritten public offering of 54.5M shares was priced at $27.50 per share. The offering closed on December 8, 2025.
On January 2, 2026, the underwriters, Goldman Sachs, BofA Securities, Citigroup Global Markets, Deutsche Bank Securities, and Mizuho Securities, exercised the option to purchase additional shares at the public offering price, less underwriting discounts and commissions.
On January 5, 2026, SoFi completed the issuance of common stock purchased pursuant to the option, bringing the total number of shares sold in the offering to 57.75M.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
$SOFI
SoFi down after disclosing exercise of underwriters' option to buy shares in public stock offering
Jan. 06, 2026
SoFi Technologies (SOFI) was trading lower after an announcement on the exercise of underwriters' option to purchase shares in a previously-announced underwritten public offering.
SOFI shares were -9.97% to $26.36 around Tuesday noon.
On December 4, the San Francisco-based financial services provider had said its underwritten public offering of 54.5M shares was priced at $27.50 per share. The offering closed on December 8, 2025.
On January 2, 2026, the underwriters, Goldman Sachs, BofA Securities, Citigroup Global Markets, Deutsche Bank Securities, and Mizuho Securities, exercised the option to purchase additional shares at the public offering price, less underwriting discounts and commissions.
On January 5, 2026, SoFi completed the issuance of common stock purchased pursuant to the option, bringing the total number of shares sold in the offering to 57.75M.