SoFi Stock: $15.42 Saturday, the Week of the Anthropic IPO,…
By Tobi Opeyemi Amure
AI summary of the source article
SoFi Technologies shares fell to $15.42 despite the firm being selected as one of six retail distributors for Anthropic's upcoming IPO. Anthropic plans to offer up to 20 percent of its 825 million Class A shares to retail investors.
Why it matters
The likely gain for SoFi is new members and cash moving onto its investing platform, which shows up in later quarters, not in next week's revenue.
Key facts
- Anthropic named SoFi, Charles Schwab, Fidelity, Robinhood, TradePMR, and E*Trade as retail distributors in an amended S-1 filing.
- Anthropic is offering 825 million Class A shares at $70 to $78, with up to 20 percent potentially allocated to retail investors.
- SoFi shares dropped approximately 5 percent following the announcement, closing Friday at $15.42.
Source excerpt · FinanceFeeds
Updated 14 November 2026, 07:00 GMT. SoFi Technologies (SOFI) closed Friday at $15.42 , down $0.21 or 1.34 percent, its third straight lower close (Morningstar, Yahoo Finance). Verdict: being named one of six retail brokers for the Anthropic IPO has not lifted the shares, which are down about 5 percent since Wednesday. The IPO is expected to price on 18 November and trade on 19 November. Reference…