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Why Social Capital Hedosophia Holdings Corp. V's Stock Is Trading Higher Today

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Why Social Capital Hedosophia Holdings Corp. V's Stock Is Trading Higher Today

Social Capital Hedosophia Holdings Corp. V (NYSE: IPOE) shares are trading higher after the company set its shareholder meeting to merge with SoFi for May 27.

Social Capital Hedosophia Holdings Corp. V does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses in the technology industries.

See Also: SoFi Offers Customers Early Access To IPOs: What Investors Should Know

Social Capital Hedosophia's stock was trading 10.5% higher at $16.56 per share on Friday at the time of publication. The company has a 52-week high of $28.26 and a 52-week low of $10.37.

 

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