PANews reported on December 5th, citing Bloomberg, that SoFi Technologies announced plans to raise $1.5 billion through a public offering of shares, priced between $27.50 and $28.50 per share, representing a discount of up to 7.1% to the previous trading day's closing price of $29.60. The company will use the funds to strengthen its capital structure and explore new business opportunities. Following the announcement, the stock price fell 5.8% to $27.89 in after-hours trading. SoFi has been continuously expanding its non-lending businesses, including cryptocurrencies, in recent years, achieving record revenue of $950 million in the third quarter.