Sofi Technologies Climbs In Stock Market Debut

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Click to view a price quote on TWTR. : SoFi Technologies,  (SOFI) - Get Report the consumer-focused financial-services platform, began its first day as a public company Tuesday on a up note. SoFi started trading after Social Finance and Social Capital Hedosophia Holdings, a special purpose acquisition company founded by the venture-capital investor Chamath Palihapitiya, completed their plan last week to take SoFi public. SoFi said in a statement that it raised about $2.4 billion from the transaction to fuel growth, expand its markets and develop new products. Social Capital shareholders approved the transaction at a general meeting.

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