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Here's Why This Chamath Palihapitiya SPAC Is Soaring Today

TheMotleyFool

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Here's Why This Chamath Palihapitiya SPAC Is Soaring Today

The stock market was having a strong day on Tuesday, with all three major indices in positive territory and the Nasdaq having a particularly great day, the tech-heavy index higher by more than 3.5% at 10:30 a.m. EST.

However, Social Capital Hedosophia Holdings V (NYSE: IPOE), the Chamath Palihapitiya-led SPAC set to take fintech start-up SoFi public, is a big standout, with shares up by more than 12% for the day.

Image source: Getty Images.

Source Fool.com

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