Stock FAQs

what happens to my ipoe stock

by Cheyanne O'Keefe Published 3 years ago Updated 2 years ago

After your company goes IPO, the price of a share of company stock is now publicly known, every minute of every day, thanks to the public stock market it’s traded on. That knowledge means you can make a much better-informed decision about exercising your options and selling the resulting stock.

Full Answer

What happens to IPoE’s stock when it merges?

May 27, 2021 · So, IPOE will cease to exist in its SPAC-avatar post-merger. Similarly, the combined stock will start trading on Nasdaq under the …

What happens to your options when your company goes IPO?

Apr 15, 2021 · Of course, this doesn’t mean that the merger won’t happen. Investors just need to be patient and hold their shares if they still see value in …

Should you buy IPoE stock at $15?

May 07, 2021 · May 7, 2021. As its merger with SoFi gets closer to reality, Social Capital Hedosophia Holdings V (NYSE: IPOE) continues to fall. It appears that IPOE stock was the subject of some short-selling ...

Is there still good upside left in IPoE stock?

Jul 19, 2018 · After your company goes IPO, the price of a share of company stock is now publicly known, every minute of every day, thanks to the public stock market it’s traded on. That knowledge means you can make a much better-informed decision about exercising your options and selling the resulting stock.

Will my IPOE stock change to SoFi?

On May 27, IPOE shareholders are expected to vote to merge with personal lender, SoFi in which I hold shares. The merger will create a company called Social Finance Technologies which could begin trading June 1 on NASDAQ as SOFI.May 25, 2021

What stock did IPOE become?

- May 28, 2021 - Social Finance, Inc., a leading next-generation financial services platform, and Social Capital Hedosophia Holdings Corp. V (NYSE: IPOE) ("SCH"), a publicly traded special purpose acquisition company, today completed their previously announced transaction to take SoFi public.May 28, 2021

What happend IPOE?

After a SPAC successfully merges with its target, its stock weaves into the new company. The SPAC or a shell company forms to find a target and merge with it. So, IPOE will cease to exist in its SPAC-avatar post-merger.May 27, 2021

Is IPOE good buy?

IPOE Stock Is Still Worth Buying

and it looks better as the merger date approaches. Once the merger is complete and IPOE stock becomes SOFI stock, it seems likely that the shares will go up.
May 7, 2021

How much SoFi do IPOE own?

Under the deal, SoFi will collect about $2.4 billion from Private Investment in Public Equity (PIPE) investors who are getting in at $10/share. IPOE holds another $805 million of cash in trust. Existing shareholders would maintain control with a 74.2% stake.Apr 20, 2021

Is SoFi still a SPAC?

The shares, which trade under the ticker SOFI, rose to $22.65 Tuesday from $20.15 Friday, when it still traded under the SPAC ticker IPOE.Jun 1, 2021

What happens to IPO stock after merger?

If the SPAC does not complete a merger within that time frame, the SPAC liquidates and the IPO proceeds are returned to the public shareholders. Once a target company is identified and a merger is announced, the SPAC's public shareholders may alternatively vote against the transaction and elect to redeem their shares.

What is Sofi worth per share?

$ 6.35
CloseChgChg %
$6.330.213.43%

How do Sofi warrants work?

A warrant gives holders the right to purchase more shares at a set price on a later date. Warrants are given as additional compensation to pre-listing SPAC IPO* investors for agreeing to have their capital held in a trust until the merger.Jun 9, 2021

Is SoFi a buy?

(NASDAQ:SOFI) delivered a -50.22% return since the beginning of the year, while its 12-month returns are down by -55.71%. The stock closed at $7.87 per share on April 08, 2022. "We have been building our position in SoFi over the last two quarters but have not yet written about our thesis until now.Apr 12, 2022

Who did IPOE merge with?

The SPAC Deal: SoFI announced a SPAC merger with Social Capital Hedosophia Holdings V (NYSE: IPOE), led by Chamath Palihapitiya. The merger values SoFi at an equity value of $8.65 billion post-money.Jan 7, 2021

Will SoFi grow?

SoFi expects revenue to grow at a 43% CAGR from its 2020 baseline. This should see revenue accelerate to at least $3.67 billion in fiscal 2025. I expect this figure to be higher at $4 billion.Apr 4, 2022

A Closer Look at IPOE Stock

Interestingly, even prior to the Jan. 7 announcement of the SoFi reverse merger, IPOE stock was already starting to creep upwards from $10 to $12.

Betting on the SPAC King

I’ve heard folks call Palihapitiya the “SPAC king” before, and that moniker seems to be well deserved.

Expanding Its Footprint

If IPOE stockholders want more evidence that SoFi is a great fintech firm to place their bets on, here’s an encouraging development.

The Bottom Line

As you can see, SoFi has the potential to be a game-changer in the fintech space, and perhaps in the banking space generally.

Is IPOE stock short selling?

It appears that IPOE stock was the subject of some short-selling activity that is possibly linked to the delay in the merger. The postponement came after the U.S. Securities & Exchange Commission (SEC) updated its guidance about the accounting treatment of special purpose acquisition company (SPAC) warrants.

How much is SOFI in 2020?

In 2020, SoFi generated net revenue, excluding some items, of $621 million . And the company is forecasting that its revenue will reach $1 billion in 2021. In the third quarter of 2020, SoFi’s sales jumped about 60% year-over-year to $200 million. And that’s partly because the company continues to add members.

Is SOFI growing?

SoFi Is Growing Quickly. One criticism of SPACs is that it can be too easy for the target companies to escape the kind of scrutiny that is normally part of traditional initial public offerings. But unlike some companies that go public, SoFi has a significant, growing revenue base.

What IPOE (Sofi) Is Worth Post Merger

Sofi just released its 2020 earnings results. The financial technology company, which bills itself as a leading next-generation financial services platform, produced better revenue and adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) than forecast.

What To Do With IPOE Stock

This analysis shows that there is still good upside left in IPOE stock (SOFI). I believe that once the company merges and collects the $1.9 billion in new cash at the close, the stock will break higher. I suspect that the close will happen daily soon, although there is no definite date set yet.

IPOE stock has been falling

IPOE stock has plunged 12 percent over the last five trading sessions, and 48 percent from its 52-week high. Fintech stocks have been hit hard by investors switching from growth to value stocks. Higher interest rates and soaring valuations have made high-growth stocks like SoFi less attractive to investors.

The IPOE and SoFi merger date is near

On May 8, SoFi tweeted that its merger with IPOE is now effective with the U.S. SEC. This means that it only requires IPOE shareholders' vote to complete the transaction. IPOE shareholders are expected to vote on May 27, and the companies hope to close the business combination on May 28.

What's the prediction for IPOE before SoFi merger date?

There seems to be a short-term opportunity in IPOE stock in the run-up to the SoFi merger, despite the continued growth stock sell-off. The stock could get a boost once the deal gets finalized, thanks to SoFi's significant and growing revenue base—it had about 1.7 million unique members as of Dec.

Will IPOE fall more before the SoFi merger date?

In my view, we're done with the sell-off and IPOE stock might recover now. The stock gained 3 percent in premarket trading on May 14. After dropping about 48 percent from its peak, IPOE stock is steady at around $15 per share.

Should you buy IPOE stock now?

IPOE has given SoFi a pro forma equity value of $8.65 billion. Meanwhile, at IPOE’s current stock price, SoFi is valued at around $12.6 billion.

Is IPOE merged with SoFi?

Social Capital Hedosophia Holdings V (NYSE: IPOE) announced in early January that it was merging with SoFi, the California-based financial services platform that helps people improve their finances. Since the announcement, IPOE stock motored to $28 in early February before running out of steam.

How long did it take SPACs to announce a merger?

The length of time it took SPACs to announce a combination fell in 2020 to 4.6 months from 11.8 months a year earlier. SPACs got better at making decisions, and potential targets got more comfortable with the investment vehicle.

What is SOFI 2021?

According to its announcement, SoFi is on track to hit $1 billion in revenue in 2021 and full-year adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) profitability.

When did SPAC go public?

Bill Ackman’s SPAC went public in July 2020. Pershing Square Tontine Holdings (NYSE: PSTH) is still looking more than seven months later. I suppose it’s harder to reach a deal when you’ve got $4 billion in cash to invest in any transaction because it increases the size of possible targets.

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