Here's Everything Investors Need to Know About SoFi's $1.5 Billion Offering Announcement

The market wasn't pleased with the news.SoFi Technologies (SOFI +0.67%) is on a roll. It has wowed investors with its strong growth and customer add-ons, it's launching new products to keep up the momentum, and SoFi stock is up nearly 80% year to date.However, the stock dropped last week on the news that the company is issuing $1.5 billion in new stock. Let's check out what it's all about and why the market wasn't happy. SoFi is in growth modeCompanies typically raise cash through equity offerings to fund o ...