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The Fourth-Largest Investor in SoFi Stock Just Completely Dumped Its Stake
SOFISoFi Technologies(SOFI) Investor Place·2024-06-15 02:50

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,whilethetotalsalewasworth6.78, while the total sale was worth 134.51 million, leaving QIA with zero shares. The QIA first invested in SoFi in 2019, contributing 500millionata500 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 ...