SoFi's stock drops on $1.5 billion share sale announcement

Anthony Noto, CEO of SoFi, speaking with CNBC at the annual Allen & Co. Media and Technology Conference in Sun Valley, Idaho on July 10th, 2025.SoFi shares fell almost 6% in extended trading Thursday after the fintech company announced a $1.5 billion stock offering. The company, which provides online loans and other banking services, said in a press release that it will use the proceeds for "general corporate purposes, including but not limited to enhancing capital position, increasing optionality and enabl ...