SoFi Stock Is Sinking After Hours: What's Happening?

SoFi Technologies announced a $1.5 billion public offering of common stock on Tuesday, according to Benzinga. The move followed a 52-week high after strong second-quarter results and a raised 2025 outlook. The underwritten offering includes a 30-day option for the underwriter to purchase up to 15% more shares. SoFi plans to use proceeds for general corporate purposes, including working capital and other business opportunities. The offering follows SoFi's 52-week high after strong second-quarter results and an increased full-year outlook. It raised 2025 revenue guidance to $3.38 billion and earnings per share to $0.31. Shares fell 8.17% in after-hours trading.