SoFi to Go Public Through $8.7 Billion Blank-Check Combination

Lending startup SoFi is going public through a combination with the special-purpose acquisition company

Social Capital Hedosophia Holdings Corp. V,

IPOE 45.92{09c3c849cf64d23af04bfef51e68a1f749678453f0f72e4bb3c75fcb14e04d49}

in a deal that values the company at $8.65 billion, the companies said.

The company, officially named Social Finance Inc., began as a student loan refinance business