They issue new ordinary shares worth 1.5 billion dollars and thus dilute the shareholders.
SoFi grants the underwriter (Goldman Sachs) a 30-day option to purchase up to an additional 15% of the offered shares (representing an additional value of $225 million and a potential total value of $1.725 billion).
Possible takeover in the crypto space ? I remain relaxed and trust that this will be put to good use.
Share price falls by 6.5 % after close of trading