SoFi’s Capital Raise ‘Could Help Convert Bears Into Bulls.’ The Stock Is Rising.

A capital raise at SoFi Technologies is a good thing, Mizuho Securities says. Earlier this week, the fintech announced it plans to offer $750 million of convertible notes due in 2029. Mizuho analysts led by Dan Dolev, however, believe that once investors understand the positives within the two deals, the stock should rebound.