SoFi Imposes 30-Day IPO Lockup with $50 Early-Sale Fee, Shares Rise on Stablecoin Launch
SOFI•SoFi’s SpaceX IPO allocations carry a 30-day anti-flipping window with penalties from a 180-day lockout to permanent ban and a $50 fee on sales before the 120th trading day. Shares edged higher as investors welcomed its stablecoin rollout and improving risk appetite.
1. SoFi IPO Flipping Policy
SoFi enforces a 30-day anti-flipping window on SpaceX IPO shares, matching other brokers’ minimums but with harsher penalties. Early sellers face a 180-day lockout for a first offense, a one-year ban for a second, a permanent ban for a third, plus a $50 fee on trades before the 120th trading day.
2. Share Reaction to Stablecoin Rollout
SoFi shares edged higher after the company introduced a new stablecoin product, tapping surging demand for digital asset solutions. Strengthening risk appetite among investors further supported the uptick, highlighting market confidence in SoFi’s expansion beyond core lending offerings.
