Silver Lake Partners and Qatar SWF Sell off Some Shares in SoFi
Posted on 11/21/2021
Revealed on November 15, 2021, SoFi Technologies, Inc. (NASDAQ:SOFI) disclosed that a number of its original shareholders were going to sell some of their shares. Some of these investors included Silver Lake Partners, Red Crow Capital, LLC, and the Qatar Investment Authority (QIA). SoFi Technologies entered into an underwriting agreement with Barclays Capital Inc. and certain holders of shares of SoFi’s common stock, relating to the public offering by the Selling stockholders of 50 million shares of the SoFi common stock, par value $0.0001 per share at a price of $21.60 per share. On November 18, 2021, the offering of 50 million shares of SoFi common stock by the selling stockholders to the Underwriter was completed.
Number of SoFi Securities To Be Sold
ChaChaCha SPAC 5, LLC – 5,359,931 shares (Chamath Palihapitiya)
Clay Wilkes – 2,314,815 shares (CEO, Galileo Financial Technologies)
Delaware Project 10 L.L.C. – 22,514,038 shares
QIA FIG Holding LLC – 4,687,985 shares (Qatar Investment Authority)
Red Crow Capital, LLC – 7,761,853 shares
Silver Lake Partners IV, L.P. – 7,240,653 shares
Silver Lake Technology Investors IV (Delaware II), L.P. – 120,725 shares
Total shares: 50,000,000
Source: SEC Filing.
