Mar
29
2021
The Week Ahead on Wall Street
This week, look for earnings reports from Walgreens, Chewy, CarMax, and other companies. Check out what else is happening on Wall Street this week.
Read more
SoFi Blog
Tips and news—
for your financial moves.
Mar
26
2021
SoFi to Break Down the Barriers and Offer Members Early Access to IPOs
SAN FRANCISCO‐March 26, 2021‐SoFi announced today that it will be offering its members the ability to invest in IPOs for companies going public, an investment opportunity that has traditionally been reserved for large institutional investors or ultra-high-net-worth individuals. In a continuing effort to break down barriers to investing, SoFi anticipates offering several initial public offering securities in the coming months available to SoFi Invest members through the SoFi app.
“Our mission at SoFi is to help people achieve financial independence to realize their ambitions,” said Anthony Noto, CEO of SoFi. “If you’re going to achieve your financial goals, having access to a broad range of diversified investment opportunities is imperative, and gaining access to primary offerings is another way to diversify your portfolio that has previously been restricted to a select few. IPO Investing reflects our continued effort to make investing more accessible, by pioneering fractional shares, offering commission-free trading, creating unique SoFi-branded ETFs, and now, IPO investing.”
Our unique IPO product offering will be available to anyone who opens or has a SoFi Active Invest account and has at least $3,000 in total account value across all of SoFi Invest (inclusive of automated and active investing). SoFi recognizes that investing in IPOs is inherently risky and we are committed to clearly disclosing the risks and benefits associated with this type of investment opportunity. To find out more information, learn more about IPO investing at www.sofi.com/invest/ipo-investing.
SoFi Invest offers innovative investment tools to help members get their money right at every stage of their financial lives, from automated investing to commission-free active stock trading, fractional-share trading, cryptocurrency, and the industry’s first zero-fee ETFs. With support for instant account funding, members need not delay taking the next steps in their investment journey. SoFi Invest’s product offerings are frequently recognized for their excellence in selection, speed, and convenience by numerous outlets ranging from BuzzFeed to Investopedia.
###
About SoFi
SoFi helps people achieve financial independence to realize their ambitions. Our products for borrowing, saving, spending, investing and protecting give our over 1.8 million members fast access to tools to get their money right. SoFi membership comes with the key essentials for getting ahead, including career advisors and connection to a thriving community of like-minded, ambitious people. SoFi is also the naming rights partner of SoFi Stadium, home of the Los Angeles Chargers and the Los Angeles Rams. For more information, visit SoFi.com or download our iOS and Android apps.
Media Contact
Rachel Rosenzweig
Senior Director, Communications and Policy
Exchange Traded Funds (ETFs): Investors should carefully consider the information contained in the prospectus, which contains the Fund’s investment objectives, risks, charges, expenses, and other relevant information. You may obtain a prospectus from the Fund company’s website or chat with us https://sofi.app.link/investchat. Please read the prospectus carefully prior to investing.
If you invest in Exchange Traded Funds (ETFs) through SoFi Invest (either by buying them yourself or via investing in SoFi Invest’s automated investments, formerly SoFi Wealth), these funds will have their own management fees. These fees are not paid directly by you, but rather by the fund itself, these fees do reduce the fund’s returns. Check out each fund’s prospectus for details. SoFi Invest does not receive sales commissions, 12b-1 fees, or other fees from ETFs for investing such funds on behalf of advisory clients, though if SoFi Invest creates its own funds, it could earn management fees there.
SoFi Invest may waive all, or part of any of these fees, permanently or for a period of time, at its sole discretion for any reason. Fees are subject to change at any time. The current fee schedule will always be available in your Account Documents section of SoFi Invest.
Investing in an Initial Public Offering (IPO) involves substantial risk, including the risk of loss. Further, there are a variety of risk factors to consider when investing in an IPO, including but not limited to, unproven management, significant debt, and lack of operating history. For a comprehensive discussion of these risks please refer to SoFi Securities’ IPO Risk Disclosure Statement (https://www.sofi.com/iporisk/). IPOs offered through SoFi Securities are not a recommendation and investors should carefully read the offering prospectus to determine whether an offering is consistent with their investment objectives, risk tolerance, and financial situation.
New offerings generally have high demand and there are a limited number of shares available for distribution to participants. Many customers may not be allocated shares and share allocations may be significantly smaller than the shares requested in the customer’s initial offer (Indication of Interest). For SoFi’s allocation procedures please refer to IPO Allocation Procedures.
SoFi Invest refers to the three investment and trading platforms operated by Social Finance, LLC and its affiliates (described below). Individual customer accounts may be subject to the terms applicable to one or more of the platforms below.
1) Automated Investing and advisory services are provided by SoFi Wealth LLC, an SEC-Registered Investment Adviser (“Sofi Wealth“). Brokerage services are provided to SoFi Wealth LLC by SoFi Securities LLC.
2) Active Investing and brokerage services are provided by SoFi Securities LLC, Member FINRA(www.finra.org)/SIPC(www.sipc.org), (“Sofi Securities). Clearing and custody of all securities are provided by APEX Clearing Corporation.
3) Cryptocurrency is offered by SoFi Digital Assets, LLC, a FinCEN registered Money Service Business.
For additional disclosures related to the SoFi Invest platforms described above, including state licensure of Sofi Digital Assets, LLC, please visit www.sofi.com/legal.
Read moreMar
24
2021
TikTok’s Parent Company Enters the Gaming Industry
ByteDance has purchased mobile gaming studio Mooton as it works to gain ground in the $86 billion mobile gaming market.
Read moreMar
24
2021
A Conundrum for Coworking Spaces
Coworking space providers have been hurt by the pandemic for the past year. But in the upcoming months, they may need to deal with the opposite problem.
Read moreMar
23
2021
IPO Investing LP
Get in on the IPO action
at IPO prices.
Active Investing members can participate in IPO(s)
before they trade on an exchange.
Learn more
Trade now
Investing in an Initial Public Offering (IPO) involves substantial risk, including the risk of loss. For a comprehensive discussion of these risks please refer to SoFi Securities’ IPO Risk Disclosure Statement.
Don’t have SoFi Active Invest? Open an account, subscribe to notifications, and we’ll keep you in-the-know on all things IPO invest related—including offering types, expected dates and prices, and more.
{/* Reddit IPO Module */}
{/*
Access Reddit IPO shares with SoFi Active Invest®.
Reddit ($RDDT) just filed to go public. View the prospectus and request shares for an opportunity to invest in the IPO.
Get started
No offer to buy the securities can be accepted and no part of the purchase price can be received until the registration statement has become effective, and any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time prior to notice of its acceptance given after the effective date. To see if participating in an IPO is right for you, please fill out your investor profile prior to submitting any indication of interest. Investing in IPOs comes with risk, including the risk of loss. Please visit https://www.sofi.com/iporisk/. Offered via SoFi Securities LLC, Member FINRA/SIPC.
*/}
Based on SoFi Members. This claim may not be representative of the experience of all other customers. | Updated: 11/7/2024
Here’s how it all works:
See what IPO(s) are live!
Any SoFi member with an Active Investing account is eligible to participate with no minimums.
Submit an indication of interest.
Select the IPOs you’d like to participate in and submit an indication of interest (IOI).
Confirm your buy order.
After your IOI is submitted, you’ll be notified to confirm your buy order to secure your shares when the transaction settles.
{/* IPO ARCHIVE V1 */}
Previous IPO Offerings.
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Trade $STUB
{/* VIA FRONT */}
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{/* GEMINI FRONT */}
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{/* Bullish */}
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{/* FIGMA */}
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{/* MSC Income Fund */}
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{/* Reddit */}
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{/* ARM Holdings */}
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{/* RIVIAN */}
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{/* IPO Archive for Mobile Only */}
Pattern Group Inc
$300m
September 2025
{/* LEFT COLUMN */}
Trade $PTRN
{/* RIGHT COLUMN */}
Company name: Pattern Group Inc.
Exchange: Nasdaq | $PTRN
Sector: Commercial Services
IPO Role: Selling Group
Investor Relations: Visit site
About
Pattern Group, Inc. accelerates brands on global ecommerce marketplaces by leveraging proprietary technology and AI. It acquires inventory from brand partners to sell to consumers through online marketplaces, utilizing vast data sets, sophisticated machine learning, and AI models. The company optimizes and automates all levers of ecommerce growth for global brands, enabling full control over advertising, content management, logistics and fulfillment, pricing, forecasting, and customer service. Pattern Group was founded by David Wright and Melanie Alder in 2013 and is headquartered in Lehi, UT.
StubHub Holdings
$800m
September 2025
Company name: StubHub Holdings
Exchange: NYSE | $STUB
Sector: Retail Trade
IPO Role: Selling Group
Investor Relations: Visit site
About
StubHub Holdings, Inc. provides online ticket selling services. It also provides services for buyers and sellers of tickets for sports, concerts, theater, and other live entertainment events. The company was founded by Eric H. Baker in 2000 and is headquartered in New York, NY.
Via Transportation
$493m
September 2025
{/* LEFT COLUMN */}
Trade $VIA
{/* RIGHT COLUMN */}
Company name: Via Transportation
Exchange: NYSE | $VIA
Sector: Electronic Technology
IPO Role: Selling Group
Investor Relations: Visit site
About
Via Transportation, Inc. engages in the provision of public transportation systems. It offers its solutions to cities, transit agencies, transport operators, school districts, universities, and corporations. The company was founded by Daniel Ramot and Oren Shoval in 2012 and is headquartered in New York, NY.
Gemini Space Station
$425m
September 2025
{/* LEFT COLUMN */}
Trade $GEMI
{/* RIGHT COLUMN */}
Company name: Gemini Space Station
Exchange: Nasdaq | $GEMI
Sector: Finance
IPO Role: Selling Group
Investor Relations: Visit site
About
Gemini Space Station, Inc. is a holding company, which offers a mobile and web based crypto asset exchange platform, proprietary wallet infrastructure and custody solutions, over-the-counter trading solutions tailored to institutions and professionals, a digital art auction platform, a proprietary United States dollar backed stablecoin, and a credit card product that offers crypto asset rewards on customer purchases. The company was founded by Tyler Winklevoss and Cameron Winklevoss on February 4, 2025 and is headquartered in New York, NY.
Klarna
$1.3b
September 2025
{/* LEFT COLUMN */}
Trade $KLAR
{/* RIGHT COLUMN */}
Company name: Klarna
Exchange: NYSE
Sector: Finance
IPO Role: Selling Group
Investor Relations: Visit site
About
Klarna Group Plc operates as an investment holding company. It provides an e-commerce payment solutions for merchants and shoppers. The firm connect an array of different financial services and commerce organizations, from PSPs, traditional banks, card networks and open banking providers, to commerce enablers, technology partners, in-store payments providers and shipping and return logistics providers. The company was founded by Gustav Erik Niklas Adalberth, Karl Anders Victor Jacobsson, and Sebastian Marcin Siemiatkowski in 2005 and is headquartered in London, the United Kingdom.
Bullish
$1.1b
August 2025
{/* LEFT COLUMN */}
Trade $BLSH
{/* RIGHT COLUMN */}
Company name: Bullish
Exchange: NYSE | $BLSH
Sector: Finance
IPO Role: Selling Group
Investor Relations: Visit site
About
Bullish engages in the management of a digital asset platform. It also offers market infrastructure and information services. The company was founded by Brendan Francis Blumer in 2020 and is headquartered in George Town, Cayman Islands.
C1 Fund
$60m
August 2025
{/* LEFT COLUMN */}
Trade $CFND
{/* RIGHT COLUMN */}
Company name: C1 Fund
Exchange: NYSE | $CFND
Sector: Finance
IPO Role: Co-Manager
Investor Relations: Visit site
About
C1 Fund Inc. is a non-diversified, closed-end investment fund designed to provide public market investors with access to late-stage, private companies in the digital asset and technology sectors.
Figma
$1.2b
July 2025
{/* LEFT COLUMN */}
Trade $FIG
{/* RIGHT COLUMN */}
Company name: Figma
Exchange: NYSE | $FIG
Sector: Technology Services
IPO Role: Selling Group
Investor Relations: Visit site
About
Figma, Inc. is an AI-powered design platform that enables seamless collaboration across the entire product development lifecycle. Its products include FigJam, Figma Slides, Figma Design, Figma Draw, Dev Mode, Figma Sites, Figma Buzz and Figma Make. The company was founded by Dylan Joseph Field and Evan Darrow Wallace in 2012 and is headquartered in San Francisco, CA.
MSC Income Fund
$85m
January 2025
{/* LEFT COLUMN */}
Trade $MSIF
{/* RIGHT COLUMN */}
Company name: MSC Income Fund
Exchange: NYSE | $MSIF
Sector: Finance
IPO Role: Selling Group
Investor Relations: Visit site
About
MSC Income Fund is an investment company that provides debt and equity financing solutions to private U.S. companies. The fund focuses on middle and lower middle market businesses, supporting management buyouts, recapitalizations, growth financing, and acquisitions. It operates as a business development company (BDC) and aims to generate income and capital appreciation for investors.
Reddit
$748m
March 2024
{/* LEFT COLUMN */}
Trade $RDDT
{/* RIGHT COLUMN */}
Company name: Reddit
Exchange: NYSE | $RDDT
Sector: Communications
IPO Role: Selling Group
Investor Relations: Visit site
About
Reddit, Inc. operates an entertainment, social networking, and news website where registered community members can submit content. It provides online news services where users can select and rank web content. The firm also offers a personalized filter on the day's story, using previous votes to determine what new things the user might like to read. The company was founded by Steven Ladd Huffman and Alexis Ohanian on June 23, 2005 and is headquartered in San Francisco, CA.
BrightSpring Health
$694m
January 2024
{/* LEFT COLUMN */}
Trade $BTSG
{/* RIGHT COLUMN */}
Company name: BrightSpring Health Services
Exchange: Nasdaq | $BTSG
Sector: Health Services
IPO Role: Co-Manager
Investor Relations: Visit site
About
BrightSpring Health Services, Inc. engages in the provision of a platform of complementary health services delivering and pharmacy solutions for complex populations in home and community settings. It operates under the Pharmacy Solutions and Provider Services segments. The Pharmacy Solutions segment includes infusion and specialty pharmacy, and home and community pharmacy. The Provider Services segment is involved in home health care and community and rehab care. The company was founded in 1974 and is headquartered in Louisville, KY.
Instacart
$660m
September 2023
{/* LEFT COLUMN */}
Trade $CART
{/* RIGHT COLUMN */}
Company name: Instacart
Exchange: Nasdaq | $CART
Sector: Retail Trade
IPO Role: Co-Manager
Investor Relations: Visit site
About
Maplebear, Inc. engages in the design and development of an online application that offers grocery delivery and pick-up services. The firm offers Instacart which enables users to connect with personal shoppers in the area who pick up and deliver groceries from local stores. The company was founded by Apoorva Mehta, Brandon Leonardo, and Max Mullen in 2012 and is headquartered in San Francisco, CA.
ARM Holdings
$5.6b
September 2023
{/* LEFT COLUMN */}
Trade $ARM
{/* RIGHT COLUMN */}
Company name: ARM Holdings
Exchange: Nasdaq | $ARM
Sector: Electronic Technology
IPO Role: Selling Group
Investor Relations: Visit site
About
Arm Holdings Plc engages in the licensing, marketing, research, and development of microprocessors, systems IP, graphics processing units, physical IP and associated systems IP, software, and tools. It operates through the following geographical segments: United Kingdom, United States, and Other Countries. The company was founded on November 12, 1990 and is headquartered in Cambridge, the United Kingdom.
Oddity Tech
$425m
July 2023
{/* LEFT COLUMN */}
Trade $ODD
{/* RIGHT COLUMN */}
Company name: Oddity Tech
Exchange: Nasdaq | $ODD
Sector: Consumer Non-Durables
IPO Role: Selling Group
Investor Relations: Visit site
About
Oddity Tech Ltd. engages in the online retail sale of cosmetics and beauty products. Its products include lipsticks, makeup brushes, mascara, eyelash curlers, and makeup brush cleansers. The company was founded by Oran Holtzman and Shiran Holtzman-Erel on March 23, 2013 and is headquartered in Tel Aviv, Israel.
NU Holdings
$2.6b
December 2021
{/* LEFT COLUMN */}
Trade $NU
{/* RIGHT COLUMN */}
Company name: NU Holdings
Exchange: NYSE | $NU
Sector: Finance
IPO Role: Selling Group
Investor Relations: Visit site
About
Nu Holdings Ltd. is a holding company, which engages in the provision of digital banking services. The company was founded by David Vélez Osorno, Cristina Helena Zingaretti Junqueira, and Adam Edward Wible on February 26, 2016 and is headquartered in George Town, Cayman Islands.
Rivian Automotive
$11.8b
November 2021
{/* LEFT COLUMN */}
Trade $RIVN
{/* RIGHT COLUMN */}
Company name: Rivian Automotive
Exchange: Nasdaq | $RIVN
Sector: Consumer Durables
IPO Role: Selling Group
Investor Relations: Visit site
About
Rivian Automotive, Inc. engages in the design, development, and manufacture of category-defining electric vehicles and accessories. It operates through following segments: Automotive, Software and Services. The company was founded by Robert J. Scaringe in June 2009 and is headquartered in Irvine, CA.
Pattern Group Inc
$300m
September 2025
Company name: Pattern Group Inc.
Exchange: Nasdaq | $PTRN
Sector: Commercial Services
IPO Role: Selling Group
Investor Relations: Visit site
About
Pattern Group, Inc. accelerates brands on global ecommerce marketplaces by leveraging proprietary technology and AI. It acquires inventory from brand partners to sell to consumers through online marketplaces, utilizing vast data sets, sophisticated machine learning, and AI models. The company optimizes and automates all levers of ecommerce growth for global brands, enabling full control over advertising, content management, logistics and fulfillment, pricing, forecasting, and customer service. Pattern Group was founded by David Wright and Melanie Alder in 2013 and is headquartered in Lehi, UT.
StubHub Holdings
$800m
September 2025
Company name: StubHub Holdings
Exchange: NYSE | $STUB
Sector: Retail Trade
IPO Role: Selling Group
Investor Relations: Visit site
About
StubHub Holdings, Inc. provides online ticket selling services. It also provides services for buyers and sellers of tickets for sports, concerts, theater, and other live entertainment events. The company was founded by Eric H. Baker in 2000 and is headquartered in New York, NY.
Via Transportation
$493m
September 2025
Company name: Via Transportation
Exchange: NYSE | $VIA
Sector: Electronic Technology
IPO Role: Selling Group
Investor Relations: Visit site
About
Via Transportation, Inc. engages in the provision of public transportation systems. It offers its solutions to cities, transit agencies, transport operators, school districts, universities, and corporations. The company was founded by Daniel Ramot and Oren Shoval in 2012 and is headquartered in New York, NY.
Gemini Space Station
$425m
September 2025
Company name: Gemini Space Station
Exchange: Nasdaq | $GEMI
Sector: Finance
IPO Role: Selling Group
Investor Relations: Visit site
About
Gemini Space Station, Inc. is a holding company, which offers a mobile and web based crypto asset exchange platform, proprietary wallet infrastructure and custody solutions, over-the-counter trading solutions tailored to institutions and professionals, a digital art auction platform, a proprietary United States dollar backed stablecoin, and a credit card product that offers crypto asset rewards on customer purchases. The company was founded by Tyler Winklevoss and Cameron Winklevoss on February 4, 2025 and is headquartered in New York, NY.
Klarna
$1.3b
September 2025
Company name: Klarna
Exchange: NYSE
Sector: Finance
IPO Role: Selling Group
Investor Relations: Visit site
About
Klarna Group Plc operates as an investment holding company. It provides an e-commerce payment solutions for merchants and shoppers. The firm connect an array of different financial services and commerce organizations, from PSPs, traditional banks, card networks and open banking providers, to commerce enablers, technology partners, in-store payments providers and shipping and return logistics providers. The company was founded by Gustav Erik Niklas Adalberth, Karl Anders Victor Jacobsson, and Sebastian Marcin Siemiatkowski in 2005 and is headquartered in London, the United Kingdom.
Bullish
$1.1b
August 2025
Company name: Bullish
Exchange: NYSE | $BLSH
Sector: Finance
IPO Role: Selling Group
Investor Relations: Visit site
About
Bullish engages in the management of a digital asset platform. It also offers market infrastructure and information services. The company was founded by Brendan Francis Blumer in 2020 and is headquartered in George Town, Cayman Islands.
C1 Fund
$60m
August 2025
Company name: C1 Fund
Exchange: NYSE | $CFND
Sector: Finance
IPO Role: Co-Manager
Investor Relations: Visit site
About
C1 Fund Inc. is a non-diversified, closed-end investment fund designed to provide public market investors with access to late-stage, private companies in the digital asset and technology sectors.
Figma
$1.2b
July 2025
Company name: Figma
Exchange: NYSE | $FIG
Sector: Technology Services
IPO Role: Selling Group
Investor Relations: Visit site
About
Figma, Inc. is an AI-powered design platform that enables seamless collaboration across the entire product development lifecycle. Its products include FigJam, Figma Slides, Figma Design, Figma Draw, Dev Mode, Figma Sites, Figma Buzz and Figma Make. The company was founded by Dylan Joseph Field and Evan Darrow Wallace in 2012 and is headquartered in San Francisco, CA.
MSC Income Fund
$85m
January 2025
Company name: MSC Income Fund
Exchange: NYSE | $MSIF
Sector: Finance
IPO Role: Selling Group
Investor Relations: Visit site
About
MSC Income Fund is an investment company that provides debt and equity financing solutions to private U.S. companies. The fund focuses on middle and lower middle market businesses, supporting management buyouts, recapitalizations, growth financing, and acquisitions. It operates as a business development company (BDC) and aims to generate income and capital appreciation for investors.
Reddit
$748m
March 2024
Company name: Reddit
Exchange: NYSE | $RDDT
Sector: Communications
IPO Role: Selling Group
Investor Relations: Visit site
About
Reddit, Inc. operates an entertainment, social networking, and news website where registered community members can submit content. It provides online news services where users can select and rank web content. The firm also offers a personalized filter on the day's story, using previous votes to determine what new things the user might like to read. The company was founded by Steven Ladd Huffman and Alexis Ohanian on June 23, 2005 and is headquartered in San Francisco, CA.
BrightSpring Health
$694m
January 2024
Company name: BrightSpring Health Services
Exchange: Nasdaq | $BTSG
Sector: Health Services
IPO Role: Co-Manager
Investor Relations: Visit site
About
BrightSpring Health Services, Inc. engages in the provision of a platform of complementary health services delivering and pharmacy solutions for complex populations in home and community settings. It operates under the Pharmacy Solutions and Provider Services segments. The Pharmacy Solutions segment includes infusion and specialty pharmacy, and home and community pharmacy. The Provider Services segment is involved in home health care and community and rehab care. The company was founded in 1974 and is headquartered in Louisville, KY.
Instacart
$660m
September 2023
Company name: Instacart
Exchange: Nasdaq | $CART
Sector: Retail Trade
IPO Role: Co-Manager
Investor Relations: Visit site
About
Maplebear, Inc. engages in the design and development of an online application that offers grocery delivery and pick-up services. The firm offers Instacart which enables users to connect with personal shoppers in the area who pick up and deliver groceries from local stores. The company was founded by Apoorva Mehta, Brandon Leonardo, and Max Mullen in 2012 and is headquartered in San Francisco, CA.
ARM Holdings
$5.6b
September 2023
Company name: ARM Holdings
Exchange: Nasdaq | $ARM
Sector: Electronic Technology
IPO Role: Selling Group
Investor Relations: Visit site
About
Arm Holdings Plc engages in the licensing, marketing, research, and development of microprocessors, systems IP, graphics processing units, physical IP and associated systems IP, software, and tools. It operates through the following geographical segments: United Kingdom, United States, and Other Countries. The company was founded on November 12, 1990 and is headquartered in Cambridge, the United Kingdom.
Oddity Tech
$425m
July 2023
Company name: Oddity Tech
Exchange: Nasdaq | $ODD
Sector: Consumer Non-Durables
IPO Role: Selling Group
Investor Relations: Visit site
About
Oddity Tech Ltd. engages in the online retail sale of cosmetics and beauty products. Its products include lipsticks, makeup brushes, mascara, eyelash curlers, and makeup brush cleansers. The company was founded by Oran Holtzman and Shiran Holtzman-Erel on March 23, 2013 and is headquartered in Tel Aviv, Israel.
NU Holdings
$2.6b
December 2021
Company name: NU Holdings
Exchange: NYSE | $NU
Sector: Finance
IPO Role: Selling Group
Investor Relations: Visit site
About
Nu Holdings Ltd. is a holding company, which engages in the provision of digital banking services. The company was founded by David Vélez Osorno, Cristina Helena Zingaretti Junqueira, and Adam Edward Wible on February 26, 2016 and is headquartered in George Town, Cayman Islands.
Rivian Automotive
$11.8b
November 2021
Company name: Rivian Automotive
Exchange: Nasdaq | $RIVN
Sector: Consumer Durables
IPO Role: Selling Group
Investor Relations: Visit site
About
Rivian Automotive, Inc. engages in the design, development, and manufacture of category-defining electric vehicles and accessories. It operates through following segments: Automotive, Software and Services. The company was founded by Robert J. Scaringe in June 2009 and is headquartered in Irvine, CA.
IPO investing—now
for the rest of us.
Traditionally, access to IPOs before they’re traded on the public market has been reserved for high net worth individuals. Now SoFi members can participate in IPOs with no account minimum.
Open an account
{/* Please review the CRS which contains */}
Please review the Customer Relationship Summary (Form CRS) which contains important information about the product, services, fees, and conflicts of interests of SoFi Securities LLC.
You may also learn more about SoFi Securities LLC and its Representatives on FINRA’s BrokerCheck.
There’s always more to learn.
Everything you never thought you needed to know about IPOs, investing, and a whole lot more.
FAQs
The most up-to-date list of IPO offerings will be available under ‘IPO Investing’ in the Invest tab of the SoFi mobile app or website. Once they’re available, eligible members can get started by selecting an IPO. Then you’ll need to enter your indication of interest, which lets us know how many shares/units you’re interested in buying. Indications of interest are not considered binding orders because they are made before the prospectus is deemed effective by the SEC. An indication of interest is similar to making a reservation – you are holding your place in line and will be contacted by SoFi to confirm your intent once the deal is live and firm orders can be received. SoFi will alert you when it’s time to confirm your buy order. You will only have a short period of time to confirm your buy order so make sure to do so as soon as possible.
Note: eligible members are able to participate in multiple IPOs, but can only select one at a time as each IPO is unique and carries its own terms, conditions, and risks.
SoFi Active Investing members can invest in IPOs with no account minimums.
Money in your SoFi Money® cash management account is separate from money in your SoFi Invest accounts. If you have SoFi Money, you can instantly transfer up to $50,000 to a SoFi Active Invest account here.
SoFi Invest provides $5,000 of instant funding for external accounts and $50,000 for SoFi Money accounts. If you would like to purchase greater than $5,000/$50,000 from the respective linked accounts, funds must settle before the order date.
Members are able to sell securities obtained during an IPO whenever they would like. SoFi does not restrict the sale of securities on the secondary market. However, if a members sells within the first 30 calendar days post-IPO, that member will be limited in their ability to participate in future IPOs through SoFi for a defined period of time as outlined below:
Members that have obtained shares/units of an IPO through SoFi and sell within the first 30 days post-IPO are considered “flippers” and may be prevented from participating in future IPOs for 180 days upon a first violation, 365 days upon a second violation, and permanently in the event of a third violation.
In addition, SoFi may charge a fee for the sales of securities obtained through the IPO process if the sales take place prior to the 120th day of trading.
SoFi takes several factors into consideration when allocating shares to members, including, but not limited to:
- Direct deposits into your SoFi Money account
- Assets on the SoFi Invest platform
- Prior participation in IPOs and any violations of SoFi’s IPO Flipping Policy
SoFi reserves the right to make changes to its allocation procedure at any time, without advance notice.
As referenced in the FAQ “What is an indication of interest?”, an IOI is not a binding order because the prospectus has not yet been finalized. Binding orders may only be placed once the registration process concludes and the prospectus is finalized. Therefore, if you placed a non-binding indication of interest you will need to confirm your intent to proceed with the purchase now that you have access to the final terms of the deal, as outlined in the final prospectus, which can be found under “IPO investing’ in the Invest tab of the SoFi mobile app or website. Members who don’t confirm their indications of interest are not eligible to receive an allocation of shares.
Please note, even though you confirm your order, you are not guaranteed an allocation of shares/units. Please see the FAQ “What happens if a deal is oversubscribed?” for more information.
As soon as there are new IPO offerings available, you can find the most up-to-date list, as well as other news and information, under ‘IPO investing’ in the Invest tab of the SoFi mobile app or website. Also, make sure your email and notification alerts are enabled so you can stay in the know!
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