We have another price forecast post i.e; Sofi Stock Price Prediction. In this article we will provide complete information about SoFi Technologies Inc. (NASDAQ: SOFI) along with its IPO Price.
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SoFi Stock Price is expected to reach a maximum value of $12.25 by the year expected 2023.
How to apply for SoFi IPO
Step by step process for applying SoFi IPO:
- First of all you have to download the SoFi App.
- Login to your online account with the App/ Offical website.
- Once you logged into the app then you have to funded your ‘SoFi invest Acccount‘.
- After invested your account click on the ‘IPO Investing ‘tab button.
- Now you have to select an IPO, click on the ‘Participate’ tab button.
- Now here app to collect up-front your some specific requirement before you can participate in the IPO. : 1. Do you have a beneficial interest in IPO 1? (Yes/No) 2. Are you a part of a Broker Dealer network as part of you job? (Yes/NO).
- You have to click on ‘NO‘ option.
- Now enter the lot size or enter the number of share/ units which you have to purchase or the number of stocks you want to bid for.
- Now click on confirm tab button.
- Now you have submitted the buying process.
- After completing the Process you have to check your buying power details.
- Now its time to confirm your order and complete the transaction process.
- Now confirm your order. To do this you have to click on again on ‘Invest‘ tab button.
- After click on Invest tab button, then click on ‘IPO Investing’ button.
- Now hit the Confirm Buy Order Now button and click on Preview button and after Confirm.
- Now you will have a popup message that is “Your buy order for IPO 1 has been confirmed“.
- Click on Done.
- You have done all the IPO buying process.
- Now if you want to see your share, then click on ‘View IPO Details‘ button to see your IPO number of shares you have purchased.
What Is SoFi Technologies Inc?
SoFi Technologies Inc. is a U.S.-based personal finance company as well as online bank. This company offers a variety of financial products.
The headquarter of the U.S.-based personal finance company is in San Francisco, California.
The company was founded by Mike Cagney, Dan Macklin, James Finnigan, and Ian Brady who were the four students who met at the Stanford Graduate School of Business and was founded in the summer of 2011.
How does SoFi Technologies Inc Works?
The main focus of the company is to provide services through desktop and mobile app interfaces. It offers a variety of financial products such as IPO, loans, mortgages, refinances of vehicles, personal loans, credit cards, investing and banking too.
The main purpose of forming the company was that the students who face difficulties in taking loan for their education, they can take education loan through the company’s app.
And if we talk about the loan interest, then the education loan taken through the official app can provide a very affordable option.
SoFi Success Story
The first pilot program at Stanford, the company’s inaugural loan program, loaned about $2 million to 40 alumni, at an average of $20,000 per student, to nearly 100 students.
Already in the pilot program, Company had distributed the loan of such amount.
The Company raised $77.2 million in the year of September 2012 which was led by Baseline Ventures with participation from DCM and Renren. And later on it got additional investors included Ron Suber.
After on success in year 2012, they announced on October 2, 2013 that it had raised $500 million in debt and equity for the purpose of funding and refinancing student loans.
By now, they had progressed its business a lot and now the time had come when they started to feel that now to create its own authorized brand, it should join a company that provides credit rating.
So in November 2013, the company announced agreements with a few companies to create bonds backed by peer-to-peer student loans, Barclays and Morgan Stanley.
Now through these two companies started making the first securitisation of these loans to get credit rating.
In April 2014, the company raised $80 million and all the money raised was used by them to expand the footprint of the student loan refinance business.
Not only that, some of those funds have been channeled by them to expand into new products such as mortgages and personal loans.
In February 2015, company has announced a $200 million funding and the same month by March 2015, the company was offering mortgages or refinances loan in more than 20 states.
In May 2016, According to the rating company such as Mooodys, SoFi became the first startup online lender to receive a triple-A rating.
In the year February 2019, both SoFi and Coinbase company started offering bitcoin trading together.
And it also created the platform for trading by selling and selling cryptocurrencies to clients in every state of the United States by the Company, with the exception of Hawaii, New Jersey and West Virginia.
This cryptocurrency mainly includes bitcoin, ethereum, litecoin and over 17 other crypto assets that can be traded through this platform.
Not only this, the only function of the company was to provide education loan. So for this they also offers a hybrid checking/savings account which can be used by the customers as an online cash management account.
In July 2020, they partnered with Samsung Pay. And under this partnership of the company, ‘Samsung Money by SoFi’ was introduced by the company.
Also by the end of 2020, they unveiled its first credit card intended to encourage good monetary practices, which you can understand as a revolution for them.
SoFi Stock Forecast 2023
As per our technical analysis of stock market related to SoFi stock price prediction and the current market situation, this analysis is coming out the year 2023.
The stock price may reach $10.45 as its first target and the analysis also says that in the year 2023, the price can go up to $12.95 as a second target.
SoFi Stock Forecast 2024
The stock price may reach $14.65 as first target and can go up to $16.25 as a second target.
SoFi Stock Forecast 2025
As per our technical analysis and the current market situation, the stock price may reach between $18.15 to $21.55.
SoFi Stock Forecast 2030
Overall, prediction says that stock price target of this company will be in the range of $58.25 to $71.15 in the year 2030 end. As we can see, this has performed very well and we can expect better performance in 2030.
SoFi Stock Forecast 2035
If you are looking into the market scenario, the market of stock market is not now predictable. So that technical analysis is saying about this will lies between in the range of range of $226 to $242 in the year 2035 end.
SoFi Stock Forecast 2040
According to the current market situation, this analysis is coming that the stock price may reach $360.35 as first target and $386.75 as a second target.
SoFi Stock Forecast 2045
In the year 2045, the stock will vary in the range between $496 to $517.
SoFi Stock Forecast 2050
The stock price is likely to remain in the range of $634 to $671 in the year 2050 end.
