SoFi’s stock fell almost 6% in after-hours trading following the company’s announcement of a $1.5 billion public share offering. The move comes after a sharp rally in 2025, with SoFi’s market cap nearly doubling and its share price rising more than sixfold since 2022.
The company said the proceeds will be used for general corporate purposes, including strengthening its capital position, improving capital management flexibility, and supporting new growth initiatives. Despite the positive rationale, investors reacted to the expected dilution of existing shareholders, a common outcome when companies issue new shares.
SoFi continues to post strong financial momentum: third-quarter revenue rose 38% to $961.6 million, while net income more than doubled to $139.4 million. With $3.25 billion in cash on hand, the offering appears aimed at solidifying the fintech firm’s balance sheet as it scales further.
