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SoFi Technologies (Social Capital Hedosophia Holdings V) Priced, NYSE: SOFI

Fifth blank check company formed by Social Capital and Hedosophia targeting a tech business (completed 5/28/2021).

Industry: SPAC

First Day Return: +5.9%

Industry: SPAC

Social Capital Hedosophia Holdings is a partnership between Chamath Palihapitiya, the founder and current Managing Partner of Social Capital, and Ian Osborne, a co-founder and the current CEO of Hedosophia. Social Capital Hedosophia Holdings unites technologists, entrepreneurs and technology-oriented investors around a shared vision of identifying and investing in innovative and agile technology companies. We believe that our management team’s relationships with leading technology company founders, executives of private and public companies, venture capitalists and growth equity fund managers, in addition to the extensive industry and geographical reach of Social Capital and Hedosophia’s networks, will give us a competitive advantage in pursuing a broad range of opportunities. Our management team believes that its ability to identify and implement value creation initiatives will remain central to its differentiated acquisition strategy. We believe the future success of the capital markets for technology companies is dependent on new company formation, the sustainability of robust private market funding and an increased willingness of private technology companies to become publicly-traded and therefore become available to a broader universe of investors who can benefit from their disruption and growth. Our mission is to create an alternative path to a traditional IPO for disruptive and agile technology companies to achieve their long-term objectives and overcome key deterrents to becoming public.
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IPO Data
IPO File Date 09/18/2020
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 70.0
Deal Size ($mm) $700
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 10/08/2020
Offer Price IPO Intelligence Only
Price Range IPO Intelligence Only
Offer Shares (mm) IPO Intelligence Only
Deal Size ($mm) $700
Lock-Up Date IPO Intelligence Only
Street Research IPO Intelligence Only
Underwriters
IPO Intelligence Only
Company Data
Headquarters Palo Alto, CA, United States
Founded 2020
Employees at IPO 4
Website www.socialcapital.com

SoFi Technologies (Social Capital Hedosophia Holdings V) (SOFI) Performance