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Social Finance (SoFi) has held discussions with blank-check acquisition companies about a deal that would allow it to debut in the stock market, according to sources who spoke to Reuters.
The San Francisco-based company, which was valued at $4.8 billion in a private fundraising round last year, has held talks with a number of so-called special purpose acquisition companies (SPACs), the sources said, cautioning there is no certainty an agreement would be reached. The sources requested anonymity because the talks are confidential. SoFi did not respond to requests for comment. A SPAC is a shell company that raises funds in an initial public offering with the aim of acquiring a private company, which then becomes public as result of the merger.
