Social Capital Hedosophia Holdings VCorp (NYSE: IPOE) stock has recorded significant gains in recent times and it has continued to gain momentum. The momentum in the stock came about after a major announcement earlier this month with regards to a merger with SoFi Finance.
On January 7 it was eventually announced that a combination is on the verge of completion and that resulted in a strong rally in the Social Capital stock. More importantly, the deal is going to be the stepping stone for SoFi to go public at a valuation of as much as $8.65 billion.
It is a major development for Social Capital and the interest among investors is understandable. It has also been revealed that the merged entity is going to be provided with up to $2.4 billion in the form of cash. The cash element is also going to include $1.2 billion worth of PIPE. The Social Capital stock has shown strong momentum recently and could be a stock worth considering.
Editor and Computer Expert
A hardcore tech enthusiast and computer expert Uson Abdilazhanov who holds a degree in communications started writing in his personal blogs since 2012. That time he was interested in the technical part of the computer. But now the software aspect plays an important role in his career. Currently, he runs a PC building and repairing shop which helps a lot of designers and gamers who always like to try new things.