SoFi’s Stock Falls On News Of $1.5 Billion Share Sale
SoFi's stock fell 7% in premarket trading after announcing a $1.5 billion share sale for general corporate purposes. The stock price drop is due to dilution concerns. Despite this, SoFi's market cap nearly doubled in 2025, and its stock price increased sixfold over three years. In Q3, SoFi reported 38% revenue growth and doubled net income, with $3.25 billion cash on hand. SOFI stock has risen 110% this year, trading at $29.60 per share.
SoFi’s (SOFI) stock is down 7% in premarket trading on Dec. 5 after the financial technology (fintech) company announced a $1.5 billion U.S. share sale.
The San Francisco-based company, which provides online loans and other banking services, said that it will use the proceeds from the share sale for “general corporate purposes.”
A company’s share price typically falls on news of a planned stock sale as the offering dilutes the value of existing shareholders.
News of the stock sale comes after SoFi’s market capitalization almost doubled in 2025. The stock price is up more than sixfold in the last three years.
In its third-quarter financial results, SoFi reported revenue growth of 38% from a year earlier, while its net income more than doubled.
The company reported cash on hand of $3.25 billion U.S. at the end of September.
SOFI stock has more than doubled this year, rising 110% to trade at $29.60 U.S. per share.
