In the span of a year, Chamath Palihapitiya has engineered a series of successful deals involving SPACs – essentially blank-check companies that are taken public, before engineering a “reverse IPO” with a private (or sometimes, another public) target. Which of the four is the most likely? At the beginning of 2021, IPOE announced they would merge with Social Finance, or SoFi. The most anticipated merger at the moment is SOFI. This has lit a fire under the SPAC. In the span of a year, Chamath Palihapitiya has engineered a series of successful deals involving SPACs - essentially blank-check companies that are taken public, before engineering a "reverse IPO" with a private (or sometimes, another public) target. Here is a look back at some of the important SPAC news for the week ending January 8. Shares of new SPAC Ajax I began trading today on the NYSE under the ticker symbol “AJAX.U” with a targe raise of $750M. LiveVox plans to increase its hiring by 40% this year once it goes public via a #SPAC. The second SPAC from Joanna Coles and Jonathan Ledecky has no announced ticker symbol yet. Analysis includes total gross proceeds, announcement deadline date (and number of months left until deadline), % held in trust, and list of symbols for all trading securities included in the unit. Let me know. SoFi is going public via a merger with a SPAC backed by billionaire investor Chamath Palihapitiya.. Palihapitiya made the announcement on CNBC on Thursday, and Reuters first reported talks of the deal this morning, citing sources familiar with the matter.. SoFi will utilize Palihapitiya's Social Capital Hedosophia Holdings Corp V to go public.Social Capital Hedosophia Holdings Corp V traded … According to Reuters, which broke the news, the deal is expected to be announced in coming days, and could value SoFi at more than $6BN. The SPACs Attack show airs live on Benzinga YouTube Monday through Friday at 11 a.m. EST breaking down SPAC news and deals, and interviewing CEOs. In addition, Ajax has assembled a group of strategic board advisors comprised of Kevin Systrom,… When SPACs go public, institutional investors are offered shares that are called “units.” Each “unit” includes a share priced at $10 and warrant that … Social Finance or Sofi for short is an up and coming company in the Financial Technology sector or FinTech for short. It has no business or product. SPAC Deals: The big deal of the week was SoFi … SoFi is going Public. The SPACs Attack show airs live on Benzinga YouTube Monday through Friday at 11 a.m. EST breaking down SPAC news and deals, and interviewing CEOs. That is how Social Capital structured their deal with Ooendoor. SPACs Attack Recap: SoFi, IPOE, GXGX, ACEV Deals Plus Rumors And Headlines For Week Ending January 8 The SPACs Attack show airs live on Benzinga YouTube Monday through Friday at 11 a.m. EST breaking down SPAC news and deals, and interviewing CEOs. More From InvestorPlace Why … 13 Hot Upcoming IPOs to Watch For in 2021 The most exciting IPOs expected to hit the markets in 2021 range from a popular home-rental app to a crypto exchange to an old-guard pet retailer. This SPAC is one of many run by Social Capital Hedosophia. What makes SoFi a better investment than Paysafe? Chamath Palihapitiya's Social Capital SPAC Soars 48% On News Of $6BN SoFi Deal. Beneath the flashy SPAC of SoFi, there’s another one of note in the works. Palihapitiya's Social Capital has sponsored a series of SPAC deals involving Virgin Galactic, Opendoor, Clove Health among others. Chamath Palihapitiya’s Social Capital SPAC Soars 48% On News Of $6BN SoFi Deal. Model. FTOC. SPAC Deals. In 2019, SoFi was valued at $4.8 billion. The "V" in the SPAC's name signifies that this is the fifth deal. Disclosure: Currently long BFT and interested in buying IPOE but do not have a … SoFi offers loan refinancing, mortgages, personal loans, credit cards, insurance, investing and deposit accounts. AONE. https://www.fool.com/investing/2021/01/15/2-fintech-ipos-to-watch You can follow what happened to Open door after the merger. Instead, the company goes public to raise capital to buy another company. Sofi is part of the new wave of companies attempting to revolution the financial world by being 100% transparent. The show confirmed the deal live on air Thursday. Would love to hear from someone at Sofi. I realize SoFi is sexier, but I only care about the investment potential. The SPACs Attack show airs live on Benzinga YouTube Monday through Friday at 11 A.M. EST breaking down SPAC news and deals, and interviewing CEOs. SoFi loans are originated by SoFi Lending Corp., NMLS # 1121636. The SPAC, Social Capital Hedosophia Corporation V, is backed by venture capitalist Chamath Palihapitiya and originally went public on the NYSE in October, 2020 under the symbol “IPOE.” Altogether, the company raised $800 million from its IPO. IPOF. Online lender SoFi to go public via SPAC backed by Chamath Palihapitiya. The big deal of the week was SoFi announcing a merger with Social Capital Hedosophia Holdings Corp V (IPOE). (www.nmlsconsumeraccess.org) To check the rates and terms you qualify for, SoFi conducts a soft credit pull that will not affect your credit score. The SPAC’s name and ticker symbol on the stock exchange is replaced with that of the target company. What I like about Achronix is the limited competitors they have. In that theme department, Social Capital Hedosophia V is rumored to be on the verge of a deal with SoFi (Social Finance). Cards, insurance, investing and deposit accounts to raise Capital to another... 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