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The San Francisco based company, which was valued at $4.8b in a private fundraising round last year, has held talks with a number of so-called special purpose acquisition companies (SPACs). The discussions show that going public is solidly in the sights of SoFi’s CEO, Anthony Noto.
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SPACs have emerged as one of Wall Street’s most popular investment vehicles in 2020, with 208 SPACs raising more than $70 billion so far this year, according to SPAC Research. United Wholesale Mortgage and Finance of America were among the mortgage lenders that agreed to go public this year through SPACs.
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