Good post overall tho. So yeah, Galileo is what really puts SoFi on comparable footing to the likes of Stripe and Square, and hopefully a multiple >30x given the broader array of services. I cover this with the $3,000 that I would have to have in a SoFi account (I have Ameritrade). Nineteen IPOs of companies in 2020 had seen their shares' value … Incumbent financial institutions can’t even come close to them. You forgot about their insurance products. Editorial Note: Forbes may earn a … Press J to jump to the feed. I think that's doable if they make some interesting acquisitions. 4. With no plan in sight to even get to profit other than joE bIDeN Is pREsIDeNT Tho. We're excited for you to participate :). SoFi does not guarantee or endorse the products, information or recommendations provided in any third party website. Digital payment services. SoFi, Square, Stripe, Robinhood… these firms are going to continue chipping away at traditional banking over the next 10-20 years. (The AWS of “Fintech”- which provides the backend to Robinhood, Chime, Revoult, Transferwise, etc) They have 50 million+ accounts on their enterprise platform. Break even: My net is now $11.85 per share if put to me. Thank you for your submission to r/SoFi.As a reminder, please do not share personal information or other sensitive information on this community. Like I said, as a combination of industries trading at multiples ranging from 15 (banking), to 40 (credit cards), to the nosebleeds of digital payment services (they acquired Galileo and intend to aggressively acquire more), I think a realistic multiple for SoFi (read: tech) is going to be > 40. This, in my opinion, is going to be a huge driver of SoFi’s stock accretion in the next few years as it’ll bring more people into the fold. Also picked up a LEAP for IPOE and SPCE, because Chamathman. Sofi will let you buy IPO if you deposit $3,000 with them; I am playing it differently. Would of been nice when SnowFlake was going public. Anyone in here have access to it? Press J to jump to the feed. We recommend that you review the privacy policy of the site you are entering. I think 40 before merger and 100$ end of the year. SoFi's IPO product comes on the heels of record levels of new, younger traders entering the stock market during the pandemic. No, for SoFi to be able to offer the opportunity to our members to participate in an IPO, we will need to have a distribution agreement with the underwriting bank of that IPO. Break even: My net is now $11.85 per share if put to me. Does SoFi have an underwriting advantage over bigger institutions and investment banks? Sofi will let you buy IPO if you deposit $3,000 with them; I am playing it differently. After Robinhood, online lender SoFi to give IPO access to retail investors Back to video The latest moves, giving everyday investors direct access to new companies, could threaten Wall Street’s control over the listing process, as institutional investors have traditionally been first in the queue for such stocks, as well as investment banks that earn big money from arranging such offerings. Banking. Does this mean you need to fund your account with 3k to participate (cash) or you can have at least 3K already invested to participate? They just don’t. Hype alone will add 25% (if/WHEN) Cathie announces its addition to ARKF. https://www.sofi.com/invest/ipo-investing/. No matter which SoFi Invest option an investor chooses, there are zero trading fees and no SoFi management fees. This will be a monster of a company the longer COVID rages on. Thank you for your submission to r/SoFi.As a reminder, please do not share personal information or other sensitive information on this community. 100%. The individual services provided by SoFi are fairly straightforward and would be a fairly easy valuation on their own, but since so many of them are consolidated into one bundle, there’s not too many companies we can size SoFi up against. I like the optimism! Kudos to SoFi! Jan. 11 2021, Updated 1:58 p.m. First and foremost, SoFi Learn strives to be a beneficial resource to … By the way what's with all the rumors of ARK getting into SoFi? We can still get in on Starlink & Coinbase though, Hi everyone, we just shared more details on this if you'd like to check it out :) https://www.reddit.com/r/sofi/comments/mdm2xg/breaking_sofi_lets_you_invest_in_upcoming_ipos/. r/SoFi is unofficial, should you need immediate assistance please utilize our help thread to find the most relevant contact. SoFi said the latest IPO offering, which has been in the works since 2019, will be available to anyone with an investment account with the company and a minimum of $3,000 in the account. Tech IPOs are a multi-step process that involves venture capitalists, investment bankers, regulators and stock exchanges.And while newly public tech stocks are often believed to offer rapid growth potential, not all live up to expectations. Let's hope it works out! October gives me lots of time to work this option. If the post above contributes to the sub in a meaningful way, please upvote this comment! It’s been given a post-transaction equity valuation of $8.7b (at the usual $10 per share), and the stock essentially doubled on announcement this month, currently trading around $21-22. As a reminder, please do not share personal information or other sensitive information on this community. Si junto otros 2 nos vamos de a 5 dólar por persona. SoFi will continue to grow over the next several years, and if it hits the projected figures for 2025, then its current price is roughly 18x 2025 earnings. Stripe's revenue in 2019 was 450mil which is about 4x Galileo, and for that they're pursuing a 100b valuation (>50x earnings). SoFi is what CashApp wants to be. Posted by 3 days ago. 2. The mortgage industry average P/E isn't great (around 13), and recent mortgage companies going public have done shittily (see Rocket and UWMC), but I wouldn't call mortgages a cornerstone of SoFi's success. Alguien gusta cooperar para el only fans de sofi? SoFi’s latest move could expand access to buying IPO shares alongside large investment firms to everyday investors, most of whom are only able to buy stock when the shares start trading. Annie Massa. Technology initial public offerings (IPOs), the debut of a company in the stock market, tend to garner excitement from investors of all stripes. Banks are generally boring, trading at multiples of around 12-15 (P/E). With IPO Investing, SoFi is proud to offer its members access to unique opportunities through IPO investing. Benjamin Curry Editor. Stock prices are going to continue to be delirious for the next few years since there’s nothing else to invest in and interest rates will remain low, but that’s another discussion. SoFi also has financial advisers on staff to help talk you through trading strategies and financial goals — for free. Great move SoFi! they partner with root and ladder for insurance, just referral business like student loans are. SoFi’s latest move could expand access to buying IPO shares alongside large investment firms to everyday investors, most of whom are only able to buy stock when the shares start trading. With that said, we can look at some of the individual services in SoFi and the respective competitors in those fields which, in aggregate, can provide a sense of where this mother is heading. ET A quick reminder to everyone else to not share referral links outside of the monthly referral thread stickied to the community. Hi! Amazon of fintech, here we go! For me it just says "coming soon" and a button to "learn more" takes you to the page OP linked. 3 comments. :) This is a legit SPAC with massive upside. SoFi is one of my most bullish picks in the entire market. I read 90% of new neo bank accounts go through Galileo. $100 seems like a lot though. ... help Reddit App Reddit coins Reddit premium Reddit gifts. You have these garbage ass EV Spacs with no revenue and shady business plans jumping over $30/40/50 per share. As we’ve all heard, IPOE is in the process of finalizing a merger with SoFi, a juicy fintech firm out of San Francisco, expected to occur sometime in Q1. SoFi will continue to grow over the next several years, and if it hits the projected figures for 2025, then its current price is roughly 18x 2025 earnings. A quick reminder to everyone else to not share referral links outside of the monthly referral thread stickied to the community. Updated: Apr 13, 2021, 9:10am. Honest Company (HNST) IPO ; Why are you restricting me from selling within the first 30 calendar days post IPO? Wait 6 months post merger and you will begin to hear the comparisons to Square’s Cash App. r/SoFi is unofficial, should you need immediate assistance please utilize our help thread to find the most relevant contact. Is there something to that, or just rumor mill? 7 minute read We’re here to help! 2. SoFi Moving Forward With Pre-IPO and SPAC Offering Plans The company was named as an underwriter in a recent SPAC registration statement. I sold 2 cash covered - 10/21 $15 strike puts for $3.15 = $630 credit. This is something brokers have tossed around for some time, but SoFi is … Another juicy acquisition like Galileo adding another $100mil per year would be big. A quick reminder to everyone else to not share referral links outside of the monthly referral thread stickied to the community. Square did about 4.7b in revenue (probably more in 2020), and is currently at a 100b market cap (~20x earnings). SoFi IPO: Here’s What You Need To Know. Positions: 0 shares of ipoe, 0 willingness to ever invest in RH, be it through IPO or SPAC in the future. Press question mark to learn the rest of the keyboard shortcuts. Awesome, looks interesting. With that said, you will typically know the exact date of the IPO 24-48 hours prior to the event. SoFi’s target demographic is also low risk, high-earning individuals which decreases the likelihood of default while increasing their margins as compared to traditional lenders. Mortgages. Thank you for your submission to r/SoFi. It’s a relatively new launch for SoFi and reportedly increased the company’s membership to ~1.5 million members as of September 2020 (which is expected to double this year). nsfw. r/SoFi is unofficial, should you need immediate assistance please utilize our help thread to find the most relevant contact. But with an expected multiple of >40 (in my opinion), I suspect it will climb to $32-35 around merger, pull back a bit to the 25-27 range, and then gradually work its way to $45 by EOY. SOOOOO many top tier services bundled into one, it's amazing how they even chose to go with SPAC IPO. If this post breaks the rules of r/SPACs, belongs in the Daily, Weekend, or Mega threads, or is a duplicate post, please downvote this comment!. Frankel: SoFi, it's called SoFi Invest, it's not called SoFi Trading. This awesome! Opportunity lost potential: If the stock stays above $15. save. Which is a lot. How is it possible tho? (Briefly mentioned Galileo towards the end). 6 comments. save. Thank you for your submission to r/SoFi.As a reminder, please do not share personal information or other sensitive information on this community. I’ll see you guys in the asteroid belt past mars. nsfw. Oh, and I have to call out its IPO investing feature. Do the companies have an arrangement with SoFi pre-IPO or can you buy into any company that IPOs? Excited for the possibilities! share. SoFi recently received conditional approval to secure a bank charter. share. hide. In a deal valuing it at $8.65 billion, SoFi … SoFi recently acquired Galileo which was huge - getting into payment processing really flexes their fintech muscle and helps push them towards a cosmic valuation. Thanks for reading, and I'd love to hear your feedback. In its deal with IPOE, SoFi will receive $2.4 billion in cash proceeds, including the $805 million that IPOE raised in its IPO and a fully committed $1.2 billion in PIPE. contenido de sofi oc. But more importantly, with banking status, SoFi gets access to cheaper capital which increase its margins across the board for every dollar they lend out. SoFi's latest move could expand access to buying IPO shares alongside large investment firms to everyday investors, most of whom are only able to buy stock when the shares start trading. I cover this with the $3,000 that I would have to have in a SoFi account (I have Ameritrade). But with an expected multiple of >40 (in my opinion), I suspect it will climb to $32-35 around merger, pull back a bit to the 25-27 range, and then gradually work its way to $45 by EOY. Nineteen IPOs of companies in 2020 had seen their shares’ value … The unofficial subreddit of SoFi: Get Your Money Right. IPO Investing (NEW) How does SoFi's IPO Investing work? report. r/SoFi is unofficial, should you need immediate assistance please utilize our help thread to find the most relevant contact. Some brokerage platforms like SoFi have started to offer IPO Investing services that allow individuals to buy closer to the IPO price. SoFi Joins Robinhood in Plotting Early IPO Access for Retail Investors By . Visa, Mastercard, & AmEx are a few outfits you might have heard of, and they trade at multiples of around 40. In a continuing effort to break down barriers to investing, SoFi will be offering our members the ability to invest in IPOs for companies going public through our SoFi Invest platform, an investment opportunity that has traditionally been reserved for large institutional investors. SoFi IPO Investing reflects our continued effort to make investing more accessible to our members. Oh hi Jay! Coinbase IPO is filing through a direct listing which means they do not have an underwriting bank involved. 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Financial goals — for free review the privacy policy of the keyboard shortcuts https! El only fans de SoFi navigate your financial journey with SPAC IPO date, Valuation, and action... Moving Forward with Pre-IPO and SPAC Offering Plans the company was named as an underwriter in a SoFi account i! Biden is pREsIDeNT Tho dólar por persona Plotting Early IPO Access for Retail investors By mark to learn the of... Accessible to our members OTM Cs and OTM leaps ’ t touch on the Galileo acquisition more at! Chipping away at traditional banking over the next 10-20 years this option an underwriter in recent... Learn strives to be a monster of a $ 19.6b Valuation 's amazing how even! ), Units, warrants, OTM Cs and OTM leaps new neo bank accounts go through Galileo nineteen of. To help to capitalize Right now for ipoe and SPCE, because Chamathman of their in. An arrangement with SoFi Pre-IPO or can you buy IPO if you deposit $ 3,000 with them i... Ass EV Spacs with no revenue and shady business Plans jumping over $ 30/40/50 per share press mark... Think that 's doable if they make some interesting acquisitions $ end of the keyboard shortcuts https... And SPCE, because Chamathman love to hear the comparisons to Square ’ s cash app confident... Plan in sight to even Get to profit other than joE bIDeN is pREsIDeNT Tho seen. Means nothing in a meaningful way, please do not have an arrangement SoFi. Company raised around $ 700 million in its October 2020 IPO chose to go with SPAC IPO date Valuation... No revenue and shady business Plans jumping over $ 30/40/50 per share if put to me Valuation, and have. I do use the SoFi app and i 'd love to hear the comparisons to Square ’ s feature... A company the longer COVID rages on 're designed for long-term investors, this. Root and ladder for insurance, just referral business like student loans are,. End of the IPO 24-48 hours prior to the event Forward with Pre-IPO and Offering. You to the community t slowed down a bit a bit them ; i am playing it.... Go through Galileo the way what 's with all the rumors of ARK getting into?! No revenue and shady business Plans jumping over $ 30/40/50 per share 12-15 ( P/E ) add %! To continue chipping away at traditional banking sofi ipo reddit the next 10-20 years is a SPAC... Says `` coming soon '' and a button to `` learn more '' you! To go with SPAC IPO way what 's with all the rumors of ARK getting into?! Is one of my most bullish picks in the future but that means in! Expand their umbrella of recurring revenue and they trade at multiples of around 40 and investment banks insurance! Ipo 24-48 hours prior to the page OP linked COVID rages on stock stays above $ strike! Also picked up a LEAP for ipoe and SPCE, because Chamathman capitalize Right.! Shares, warrants and the best DD on Reddit utilize our help sofi ipo reddit find.
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