trending Market Intelligence /marketintelligence/en/news-insights/trending/ZI2ZLyURBcRHm5PO-SMaIw2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Report: Social Finance CEO now says IPO possible

Blog

Banking Essentials Newsletter - February Edition, Part 2

Podcasts

StreetTalk – Episode 74: Investor sees legs in strong credit performance, US bank stock rally

Blog

Street Talk – Episode 74: Investor sees legs in strong credit performance, US bank stock rally

Blog

The Evolution of ESG Factors in Credit Risk Assessment: Environmental Issues


Report: Social Finance CEO now says IPO possible

After posting record earnings and loan volume in the second quarter, Social Finance Inc. may be planning to go public in the near future, The Wall Street Journal reported.

SoFi CEO Mike Cagney, who in 2015 said that SoFi would indefinitely put off an IPO, reportedly hinted that such an offering may be possible now that the company has bounced back from a turbulent 2015. In a letter to investors, Cagney wrote that the management now sees an IPO as very much in the cards in the "not so distant future."

The company generated about $134 million in revenue in the second quarter and reported adjusted earnings before interest, taxes, depreciation and amortization of $61.6 million.