Fintech SoFi Shares Rise in SPAC Merger Public Debut on Nasdaq

Fintech company SoFi made its public debut on Nasdaq after completing a SPAC merger with Social Capital Hedosophia Holdings moving slightly above its opening price of $22. CEO Anthony Noto joined Cheddar to discuss the decision to go public and how the company has expanded under his leadership. According to Noto, the company, which began as a college debt refinancing business, has not been impacted by the pandemic pause on loan repayment because of its expansion into other areas of banking.
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