Thread: $IPOE $SOFI

$SOFI @SoFi is going public via reverse merger with @chamath led $IPOE.

Financials:

Revenue growth 75% YoY
2021 Estimated EBITDA +
2020 revenue: $621m
2021 estimated revenue: $980m
5 yr CAGR @ 43%
Current market-cap @ $19/share = $16.44B

Description: SoFi is a FinTech business looking to disrupt traditional banking. Offering an all in one solution for: Credit, Loans, Saving, Spending, and Investing (Stock & Crypto). They have three aspects to their business:

1.) Lending (student loans, home mortgage, etc) growing @ 25% 5 year CAGR

2.) Technology platform Galileo growing @ 55% 5 year CAGR (API & Payment platform)

3.) Financial services (Invest, checking/savings, credit card) growing @ 153% 5 year CAGR

Investor presentation can be found here: https://www.sofi.com/blog/ 

My thoughts:

I like $IPOE / $SOFI under $18/share and due to the high growth, TAM, and future profitability potential, it could run to $30 - $35 per share in 2021. Very rarely do we run across SPAC opportunities like this, this may be the best one I am most excited about.

I see $SQ Square like potential long term for this stock and do believe it can get to $100b market cap in the next 10 years. This is the perfect stock to buy and hold due to leaderships obvious vision for innovation and disruption. They began only as a loan/finance company but

has since grown to offer so much more. In many cases, even beating Cash-App’s offering and capabilities. I own a full position and will only look to add more as the years come.