Online lending startup Social Finance (SoFi) is nearing a deal to go public through a merger with Social Capital Hedosophia Holdings Corp V, which is led by venture capital investor Chamath Palihapitiya, people familiar with the matter said on Thursday, Reuters reports.
The deal would value SoFi at more than $6 billion and could be announced in the coming days, the sources said, cautioning that the talks could still collapse and the terms could be changed.
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