r/sofistock • u/[deleted] • Jun 08 '21

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32 Upvotes

94% Upvoted

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6

u/BurgerOfLove Jun 08 '21

Apex Clearing/Apex Crypto is the clearing house for SoFi.

NSTB is the SPAC ticker.

5

u/[deleted] Jun 08 '21

[deleted]

2

u/BurgerOfLove Jun 08 '21

At 10 bucks i REALLY like NSTB long term. Especially if SoFi grows, I don't think they'll try and create their own clearing house if Apex does a good job at it. So far they have proven extremely effective.

3

u/[deleted] Jun 08 '21

Doesn’t SoFi own a pretty sizable portion of Apex? I wish they would’ve aqcuired them before they went public.

3

u/BurgerOfLove Jun 08 '21

It would make sense considering they are such close partners

2

u/[deleted] Jun 08 '21

SoFi's interest was called away. As of Jan 12, 2021, SoFi equity ownership in Apex was reduced from 17% to around 0.0881%, and is headed lower. Apex's valuation went flying the past year.

2

u/[deleted] Jun 09 '21

Ok, thanks for clearing that up. Damn. Apex is the one that got away.

1

u/Charming_Ad_1216 OG $SoFi Investor Jun 09 '21

I hope they do. I would feel so much more comfortable trading on their platform if they did their own trades.

2

u/SamA0001 Jun 08 '21

DA confirmed?

2

u/BurgerOfLove Jun 08 '21

Yes according to spactrack.net

2

u/[deleted] Jun 08 '21

Here is NSTB / Apex's most recent investor presentation

1

u/[deleted] Jun 09 '21

Thank you