Dec. 26 at 4:06 PM
$SOFI I think we will hover around
$27.50 until Jan 7-8.
SoFi announced a public offering priced at
$27.50. In connection with that offering, the company granted the underwriters a 30-day option to purchase up to ~8.18 mil additional shares at the same price (
$27.50) to cover excess demand and help stabilize the stock. That 30-day option period starts from the closing of the offering, which was expected to occur around Dec 8, 2025.
A 30-day option from a Dec 8 closing would expire on or around Jan 7, 2026 (30 days after Dec 8 is Jan 7). This matches the claim that the underwriters still have until January 7 to exercise that option to buy up to ~8 million more shares at
$27.50.
The underwriters may choose to exercise this option if it benefits them, for example, to cover any short positions or stabilize the stock price as part of the offering process. If they don’t exercise it by the deadline, the option expires and they lose the right to buy those additional shares @
$27.50.
