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SoFi stock drops after announcing a $1.5B stock offering amid investor concerns over share dilution.
SoFi Technologies' stock fell in after-hours trading after announcing a $1.5 billion common stock offering, with underwriters having the option to buy up to 15% more shares.
The company said proceeds will strengthen its capital position and support future growth.
The move comes amid investor concerns over share dilution, despite SoFi's strong third-quarter results and $3.25 billion in cash.
The stock had risen earlier in the day on better-than-expected earnings.
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Las acciones de SoFi caen después de anunciar una oferta de acciones de $1.5B en medio de las preocupaciones de los inversores sobre la dilución de las acciones.