SoFi launches platform for companies to manage equity programs, including IPOs [Seeking Alpha]
SoFi Technologies, Inc. (SOFI)
Company Research
Source: Seeking Alpha
management for companies seeking to raise capital in the U.S., the digital financial services company said on Wednesday. DSP2.0, an advanced Directed Share Platform("DSP"), allows companies to allocate a portion of their share offerings to specific people or groups, such as employees or customers. Previous DSPs often required manual processing and don't integrate well with other systems, SoFi ( SOFI ) said. The DSP2.0 launch comes as initial public offerings are poised to rebound after the Federal Reserve started its policy-easing path. The cheaper cost of money is expected to boost capital market activity and investing in equities, thus reviving IPOs. The new product "brings equity program management, IPO, and follow-on offering processes into the digital age. It also gives issuers enhanced flexibility in raising capital by enabling them to involve non-institutional investor groups at scale," the company said. SoFi ( SOFI ) stock dipped 0.5% in Wednesday premarket trading
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SOFI
News
- Opinion: This Is Cathie Wood's Best Stock for Under $10 [Yahoo! Finance]Yahoo! Finance
- Where Will SoFi Stock Be in 1 Year? [Yahoo! Finance]Yahoo! Finance
- SoFi Technologies: Falling Interest Rates Could Drive Loan Originations For Years [Seeking Alpha]Seeking Alpha
- SoFi Launches Directed Share Platform for U.S. IPOs and Capital Raises, Powered by PrimaryBidBusiness Wire
- The Best Rate-Cut Stock to Invest $1,000 in Right Now [Yahoo! Finance]Yahoo! Finance
SOFI
Earnings
- 7/30/24 - In-Line
SOFI
Sec Filings
- 9/27/24 - Form 3
- 9/24/24 - Form 4
- 9/24/24 - Form 4
- SOFI's page on the SEC website