Consumer financial services startup SoFi is closing in on a deal to go public via a merger with special purpose acquisition company, Social Capital Hedosophia Holdings Corp V, the latest blank check company formed by venture capital investor Chamath Palihapitiya.
An agreement to take SoFi public via a SPAC has been rumored for weeks. This latest advancement, which reveals Palihapitiya as the possible SPAC connection, was first reported by Reuters. The deal would reportedly give SoFi a valuation of more than $6 billion.
SoFi, which is now led by ex-Twitter COO Anthony Noto, was founded more than a decade ago to …
