SoFi Technologies Stock Plunges -- Here's What Investors Need To Know

SoFi Technologies SOFI shares fell about 8% Friday after the company priced a public offering of 54.5 million shares at $27.50 each, aiming to raise roughly $1.5 billion.

Underwriters have a 30-day option to purchase up to 8.2 million additional shares at the same price. The offering is set to close on Dec. 8, subject to standard conditions.

Proceeds will strengthen SoFi's capital position, provide flexibility for growth, and support operational efficiency. The company held $3.25 billion in cash and equivalents as of Sept. 30.

SoFi reported strong Q3 results in October, with revenue of $949.63 million and adjusted EPS of $0.11, beating analyst estimates. Full-year 2025 guidance was raised, projecting revenue of $3.54 billion and adjusted EPS of $0.37.

Investors weighed the potential dilution against SoFi's growth outlook, pushing the stock down to $27.