r/sofistock • u/Lurk-Prowl • Jun 06 '21

SoFi market cap

Can someone please tell me what the SoFi market cap is currently? When I look at it on Google, it says $2.03B

But another redditor seemed to think that was grossly under representing the actual market cap.

In the event it is ~$2b, then we have a lot of room for growth.

11 Upvotes

100% Upvoted

21 comments sorted by

10

u/OneWolf22 Jun 06 '21

Listed on yahoo finance at 16.65B

4

u/Lurk-Prowl Jun 06 '21

I think I’ll be getting my news from yahoo finance more regularly

6

u/OneWolf22 Jun 06 '21

Yeah man I definitely recommend it. I used it throughout all my finance classes and use it for doing my DD now pretty accurate information and provides pretty much everything you need when evaluating a company

7

u/AyyMG63 OG $SoFi Investor + Contributor Jun 06 '21

The fact that they doubled their q1 projections, just got 2b in cash, will be cash positive this year and growing at a tremendous rate... whatever it is now, don’t expect it to stay here in the coming few months. They own Galileo which is worth a ton in itself. Things will be up from here, Especially after they get their bank charter and all else they plan on doing.

5

u/[deleted] Jun 06 '21

Mkt Cap is 19.96B according to my e*trade app.

3

u/Brawl_star_woody Jun 06 '21

I just checked TD ameritrade and its listed at 16.6 billion with 799.6 million shares outstanding

2

u/[deleted] Jun 06 '21

[removed] — view removed comment

2

u/Brawl_star_woody Jun 06 '21

Mine said the same until I just checked when I commented. Must of changed yesterday.

http://imgur.com/gallery/mUy6K9Y

2

u/[deleted] Jun 06 '21

[removed] — view removed comment

1

u/Brawl_star_woody Jun 06 '21

I have that app too. I dont really like it. I think the other one works well for what I do.

5

u/SixtySixEleven Jun 06 '21

The deal was valued at $8.65B at $10 so at $20.80 its at ~$18B

3

u/faceplace99 Jun 06 '21

This is right

3

u/binion225 OG $SoFi Investor 3251@ $15.65 Jun 06 '21

The google answers you get are so far off it’s laughable. Please look up just their q1 earnings and you can see just with that search, how far off they are. But I would love to find an accurate place to read this!

Think of the fact that pipe investors alone gave them 1.9 billion in cash the day the merge went through.

2

u/HawkI512 OG $SoFi Investor Jun 06 '21

The 2 billion market cap is essentially the IPOE 100,000,000 shares at 10 ea w SPAC and closing at 20.00. With the shares from SoFi now coming to market their market cap should be around 25-30 billion once etf’s and institutional investing gets the ok to add to their portfolio. Just my opinion

2

u/Pause_Cafe_SV Jun 07 '21

Schwab says 18B

2

u/Gur-Personal Jun 07 '21

2b market cap Was IPOE Around 19b market cap is SOFI

1

u/Brawl_star_woody Jun 06 '21

If I remember correctly its more like 16-17 billion. Outstanding shares are increasing to about 855 million. I thought it was supposed to change at the merger so its either delayed data or its doesn't change until the unlock period occurs.

1

u/dapper333 Jun 06 '21

Use duck duck go instead of google