Backed by Chamath Palihapitiya, SoFi Will Begin Trading on the Nasdaq. Here's When.
Investors in Chamath Palihapitiya's Social Capital Hedosophia Holdings V (NYSE: IPOE) finally got the news they've been waiting for on Tuesday. The merger of the special purpose acquisition company (SPAC) with personal financial services company Social Finance (known as SoFi) will go ahead as planned.
The business combination is expected to be completed on May 28. Social Capital Hedosophia Holdings V shares will then be exchanged one-for-one for SoFi shares and transferred to the Nasdaq exchange. Social Finance Technologies stock is scheduled to begin trading on Tuesday, June 1, using the ticker SOFI.
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Source Fool.com
