Latham & Watkins Advises on SoFi’s US$1.5 Billion Public Offering of Common Stock

SoFi Technologies, Inc. (NASDAQ: SOFI) (SoFi) announced that it has priced an underwritten public offering of 71,942,450 shares of its common stock at a price of US$20.85 per share, for total gross proceeds of approximately US$1.5 billion, before deducting underwriting discounts and commissions and offering expenses payable by the company. In addition, SoFi has granted the underwriters a 30-day option to purchase up to an additional 10,791,367 shares of its common stock at the public offering price, less underwriting discounts and commissions. The offering is expected to close on July 31, 2025, subject to customary closing conditions.

Latham & Watkins LLP represents the underwriters in the offering with a Capital Markets team led by partners Erika Weinberg and Greg Rodgers, with associates Robyn Sablove, Sabrina Singh, and Samantha Pannone.