Bitcoin
$44,088.02+4.35%
Ethereum
$3,121.29+6.48%
XRP
$0.995660+6.27%
Cardano
$2.25+5.76%
Polkadot
$31.38+10.26%
Stellar
$0.297434+6.60%
Dogecoin
$0.223630+6.56%
Chainlink
$24.25+6.31%
Uniswap
$21.40+6.70%
Polygon
$1.21+7.24%
Algorand
$1.91+12.72%
Cosmos
$41.03+23.60%
Litecoin
$160.00+3.62%
Bitcoin Cash
$542.76+3.50%
Wrapped Bitcoin
$44,110.66+4.36%
Filecoin
$73.73+3.94%
The Graph
$0.733852+4.84%
Tron
$0.098245+7.36%
Ethereum Classic
$50.70+5.62%
Tezos
$5.80+17.23%
Aave
$304.69+6.46%
Monero
$249.28+9.49%
NEO
$42.97+8.47%
EOS
$4.30+5.17%
IOTA
$1.39+2.61%
BitTorrent
$0.003485+5.44%
Bitcoin SV
$145.61+2.08%
Maker
$2,534.18+4.96%
Waves
$24.49+3.67%
Dash
$174.05+5.46%
Decentraland
$0.728141+9.95%
Decred
$117.46+5.50%
ICON
$1.67+8.37%
NEM
$0.161293+6.79%
Zcash
$121.09+3.79%
OmiseGO
$9.74+9.16%
Paxos Standard
$1.01+0.87%
NuCypher
$0.293502+3.27%
Yearn Finance
$30,790.84+5.59%
Qtum
$10.65+8.38%
Basic Attention Token
$0.702647+8.84%
Bitcoin Gold
$55.82+6.22%
0x
$0.967879+9.36%
Fetch.ai
$0.733005+11.04%
Bancor
$3.63+5.35%
Ren
$0.814902+5.82%
Kava.io
$5.56+3.08%
Band Protocol
$7.91+8.27%
Siacoin
$0.016108+8.00%
Nano
$5.07+9.75%
Loopring
$0.408905+4.77%
Storj
$1.15+5.98%
Numeraire
$42.80+0.93%
Lisk
$3.06+5.95%
Civic
$0.430427+5.38%
Orchid
$0.350915+4.93%
PAX Gold
$1,776.97-0.38%
Enzyme
$153.90-5.92%
Augur
$22.42+8.90%
Aragon
$5.17+5.25%
district0x
$0.158540+6.84%
Kyber Network
$1.55+5.31%
SingularDTV
$0.001383+3.17%
Tether
$1.00+0.02%
USD Coin
$1.00-0.02%
Dai
$1.00+0.02%

SoFi to Go Public Through SPAC Merger at $8.6B Valuation

The lending fintech agreed to merge with SPAC Social Capital Hedosophia Holdings Corp.

Jan 7, 2021 at 9:40 p.m. UTC
Updated Sep 14, 2021 at 10:53 a.m. UTC

Lending fintech Social Finance (SoFi) said Thursday it will go public through a merger with a special purpose acquisition company.

  • The online lending platform, which has a digital asset trading subsidiary, agreed to merge with venture capital backer Chamath Palihapitiya's Social Capital Hedosophia Holdings Corp.
  • The deal values SoFi at $8.65 billion, according to a press release.
  • SoFi recently secured conditional approval for a national bank charter from U.S. banking regulators.

DISCLOSURE

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Loading...