The Fourth-Largest Investor in SoFi Stock Just Completely Dumped Its Stake

The QIA did just that, as it submitted a Form 4 this morning showing that it had sold all 19.84 million shares on June 13. The shares were sold at an average price of $6.78, while the total sale was worth $134.51 million, leaving QIA with zero shares. The QIA first invested in SoFi in 2019, contributing $500 million at a $4.3 billion valuation. SoFi currently has a market capitalization of about $6.8 billion. However, it's very clear that SOFI has been a disappointing investment. Shares have fallen by 33% y ...