SoFi Stock Tumbles On $1.5 Billion Public Offering

SoFi (SOFI) fell Friday on the fintech company’s announcement of a $1.5 billion stock offering. SoFi stock dropped 6%. The San Francisco-based company announced the public offering late Thursday which sparked a sell-off after hours. SoFi said it plans to use proceeds from the sale “for general corporate purposes,” including “enabling further efficiency of capital management, and funding incremental growth…