So IPOB is a $360 million SPAC … A special purpose acquisition company (SPAC) is also called a blank-check company. According to Reuters, which broke the news, the deal is expected to be announced in coming days, and could value SoFi at more than $6BN. IPOF. The big deal of the week was SoFi announcing a merger with Social Capital Hedosophia Holdings Corp V (IPOE). SoFi originally utilized an alumni-funded lending model that connected students and recent graduates with alumni and institutional investors via school specific student loan funds. Sofi is part of the new wave of companies attempting to revolution the financial world by being 100% transparent. Specifically, many are hoping that Ackman will identify a … And the reason he has two SPACs is because they're targeting different-size companies. The stock has a market capitalization of $2.2 billion, and as of Jan. 19, had gained 46 percent since the listing. In the span of a year, Chamath Palihapitiya has engineered a series of successful deals involving SPACs - essentially blank-check companies that are taken public, before engineering a "reverse IPO" with a private (or sometimes, another public) target. The SPAC, Social Capital Hedosophia Corporation V, is backed by venture capitalist Chamath Palihapitiya and originally went public on the NYSE in October, 2020 under the symbol “IPOE.” Altogether, the company raised $800 million from its IPO. The most anticipated merger at the moment is SOFI. The SPAC is … The SPAC merger would raise its value to $6 billion. Disclosure: Currently long BFT and interested in buying IPOE but do not have a … SPACs Attack Recap: SoFi, IPOE, GXGX, ACEV Deals Plus Rumors And Headlines For Week Ending January 8 Stocks That Hit 52-Week Highs On Monday 10 Top SPAC Picks For Investors To … There is a ticker that many people mention. This has lit a fire under the SPAC. The show confirmed the deal live on air Thursday. Chamath Palihapitiya’s Social Capital SPAC Soars 48% On News Of $6BN SoFi Deal. SPACs Attack Recap: SoFi, IPOE, GXGX, ACEV Deals Plus Rumors And Headlines For Week Ending January 8 The SPACs Attack show airs live on Benzinga YouTube Monday through Friday at 11 a.m. EST breaking down SPAC news and deals, and interviewing CEOs. In this case, Spartan Energy Acquisition is the SPAC. Let me know. Next to EV and cannabis SPAC. FTOC. https://www.fool.com/investing/2021/01/15/2-fintech-ipos-to-watch The projected growth, if I recall is similar to Paysafe, another spac merger (BFT) fintech. Now that SPAC merger news has IPOD and IPOF stock soaring. Which of the four is the most likely? Here is a look back at some of the important SPAC news for the week ending Jan. 8. Chamath Palihapitiya announced IPOE would take SoFi public. SPAC Deals: The big deal of the week was SoFi announcing a merger with Social Capital Hedosophia Holdings Corp V (NYSE: IPOE). INSU Acquisition Corp. II is a blank check company or a SPAC set up by the financial services firm Cohen & Co. to target companies in the insurance sector. Here is a look back at some of the important SPAC news for the week ending January 8. Shares of Pershing Square Tontine Holdings will trade on the New York Stock Exchange, under the ticker PSTH.U. Social Finance or Sofi for short is an up and coming company in the Financial Technology sector or FinTech for short. When SPACs go public, institutional investors are offered shares that are called “units.” Each “unit” includes a share priced at $10 and warrant that … LiveVox plans to increase its hiring by 40% this year once it goes public via a #SPAC. Essentially, following the SoFi SPAC merger news, many PSTH stock bulls were betting an Ackman announcement would soon follow. You can follow what happened to Open door after the merger. In early December, Reuters reported that SoFi was considering a public listing via a SPAC – considered to be a more streamlined, less costly path to trading shares on an exchange. Shares of new SPAC Ajax I began trading today on the NYSE under the ticker symbol “AJAX.U” with a targe raise of $750M. VIDEO 4:21 04:21 Two underwriters in Bill Ackman's SPAC … SPAC Deals: The big deal of the week was SoFi … The second SPAC from Joanna Coles and Jonathan Ledecky has no announced ticker symbol yet. (www.nmlsconsumeraccess.org) To check the rates and terms you qualify for, SoFi conducts a soft credit pull that will not affect your credit score. At the beginning of 2021, IPOE announced they would merge with Social Finance, or SoFi. In that theme department, Social Capital Hedosophia V is rumored to be on the verge of a deal with SoFi (Social Finance). Here is a look back at some of the important SPAC news for the week ending January 8.SPAC Deals: The big deal of the week was SoFi announcing a merger with Social Capital Hedosophia Holdings Corp V (NYSE: IPOE). SoFi loans are originated by SoFi Lending Corp., NMLS # 1121636. Ajax is incorporated as a Cayman Islands exempted company established by partners Daniel Och and Glenn Fuhrman. And Fisker Inc. is the acquired company. Chamath Palihapitiya's Social Capital SPAC Soars 48% On News Of $6BN SoFi Deal In the span of a year, Chamath Palihapitiya has engineered a series of successful deals involving SPACs - essentially blank-check companies that are taken public, before engineering a "reverse IPO" with a private (or sometimes, another public) target. Chamath Palihapitiya's Social Capital SPAC Soars 48% On News Of $6BN SoFi Deal In the span of a year, Chamath Palihapitiya has engineered a series of successful deals involving SPACs – essentially blank-check companies that are taken public, before engineering a “reverse IPO” with a private (or sometimes, another public) target. Analysis includes total gross proceeds, announcement deadline date (and number of months left until deadline), % held in trust, and list of symbols for all trading securities included in the unit. Palihapitiya's Social Capital has sponsored a series of SPAC deals involving Virgin Galactic, Opendoor, Clove Health among others. SoFi is going Public. It has no business or product. That is how Social Capital structured their deal with Ooendoor. SoFi is going public via a merger with a SPAC backed by billionaire investor Chamath Palihapitiya.. 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