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Backed by Chamath Palihapitiya, SoFi Will Begin Trading on the Nasdaq. Here's When.

Backed by Chamath Palihapitiya, SoFi Will Begin Trading on the Nasdaq. Here's When.

Investors in Chamath Palihapitiya's Social Capital Hedosophia Holdings V (NYSE: IPOE) finally got the news they've been waiting for on Tuesday. The merger of the special purpose acquisition company (SPAC) with personal financial services company Social Finance (known as SoFi) will go ahead as planned. The news comes just weeks after the company announced it had restated its financials to comply with a recent directive issued by the Securities and Exchange Commission regarding the accounting treatment of SPAC warrants -- which allow early investors to buy stock at a pre-determined price.