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Internet Lender SoFi Eyes Deal to Go Public

Digital lending startup Social Finance, better known as SoFi, has held talks with blank-check companies about going public. So reports Reuters.

The sources said that SoFi, valued at $4.8 billion in a recent funding round, has engaged in discussions with an unspecified number of special purpose acquisition companies, called SPACs.

United Wholesale Mortgage and Finance of America previously went public in 2020 using SPACs, which are shell companies that raise money in an initial public offering with the goal of acquiring an unspecified private company and taking it public.

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