SoFi Technologies' stock declined by 1.5% in after-hours trading following the announcement of a $1.5 billion public offering of common stock. The company plans to sell all shares in the offering, with underwriters granted a 30-day option to purchase an additional 15% of the shares. The proceeds will be used for general corporate purposes, strengthening its capital position, funding growth, and exploring new business opportunities. The offering aims to support SoFi's expansion in its financial services platform, which includes lending, banking, and investment products. The stock experienced a decline possibly due to concerns over dilution for existing shareholders. Despite the drop, analysts remain optimistic, with several firms increasing their target prices, such as Needham & Company, Citigroup, and Mizuho, all rating the stock as a buy or strong buy. The stock's recent performance shows a slight decrease to around $29.07, with a market cap of approximately $35 billion and a P/E ratio of 53.83. Insider trading reports indicate some insider sales, but institutional investors like Vanguard and State Street have increased their holdings significantly. Overall, SoFi continues to expand its financial services, with positive quarterly earnings and growth forecasts, despite the short-term market reaction to the capital raise.