SoFi plans takeovers after agreeing to go public through a SPAC merger at $8.7b valuation

SoFi plans takeovers after agreeing to go public through a SPAC merger at $8.7b valuation

Mike Cagney, co-founder and chief executive officer of Social Finance Inc (SoFi). Photo: Bloomberg

Social Finance Inc. is planning for takeovers after agreeing to go public in a merger with a blank-check company that values the upstart at around $8.7 billion.“We want to invest heavily in acquisitions and new growth vehicles,” Chief Executive Officer Anthony Noto said Thursday in an interview.

Mike CagneySocial Capital Hedosophia Holdings CorpSoFiSPAC
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