Business & FinanceDeals
07 January 2021, 5:00 pm. Updated 1 second ago1 minute
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.
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.
Topics of Interest: Business & FinanceDeals
Type: Reuters Best
Regions: North America
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story