SoFi Held Discussions Around Selling Company Earlier this Year

According to the Financial Times, SoFi had talks with various companies including Schwab earlier this year to sell the company; the discussions took place after an indicative offer of $6 billion from a foreign bank; the company subsequently held talks with other companies with a targeted price of between $8 – $10 billion; no acquirers were willing to match the price and SoFi decided to wait for an IPO. Source

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