SoFi Technologies Seeks to Raise $1.5 Billion in Share Sale

SoFi Technologies Inc. is seeking to raise $1.5 billion in a share sale, as the financial technology firm diversifies beyond lending into other products.

The San Francisco-based company is working with Goldman Sachs Group Inc. on the share sale, according to a statement Thursday. SoFi is offering shares for $27.50 to $28.50 each, according to people familiar with the matter, who asked not to be identified as the information isn’t public. The price range represents a discount of as much as 7.1% to Thursday’s close of $29.60.