Is Social Capital Hedosophia V (IPOE) A Good Buy After The Recent Fall?

If you are looking for SPAC or special purpose acquisition company stocks, then it could be a sound move to have a look at Social Capital Hedosophia Holdings V Corp (NYSE: IPOE).

Is Social Capital Hedosophia V (IPOE) A Good Buy After The Recent Fall?

The company, which is led by Chamath Palihapitiya, has seen its stock soar considerably in recent days after it emerged that it is all set to take the firm Social Capital public. Social Capital is a fintech company and the news of the deal came as a source of excitement for many investors. While the stock did soar following the announcement, it has since corrected somewhat. Hence, it is important for investors to work out if the dip in the stock price is an opportunity to get into the Social Capital Hedosophia stock or not.

In this regard, it should be noted that Chamath Palihapitiya has a good track record when it comes to SPAC mergers and had earlier taken Virgin Galactic public. Hence, it might be a good idea to keep the stock in the watch lists.

Anthony Gonzales

Biotech, Tech, and Crypto reporterAnthony Gonzales brings 3 years of experience in helping grassroots, mid-sized organizations and large institutions strengthen their management and resource generating capacities and effectively plan for the future. He is also a mentor and professional advisor to artists working in all disciplines. He is the gold medalist from St. Marco University of Science and Technology in the Bachelors of Financial Management as well.