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Fintech stocks have been among this year's standout performers, with investors rewarding firms that can combine fast growth, profitable unit economics, and expanding product suites. But the same catalysts that send these names higher, rapid member growth, new product rollouts, and opportunistic capital raises, can also trigger sharp volatility when expectations shift.
SoFi Technologies (SOFI) just delivered one of those jolts. The company priced an underwritten public offering of roughly 54.5 million shares at $27.50 each, a raise that should bring in about $1.5 billion and is expected to close today, Dec. 8.