IPOs

Social Finance Inc. is planning for takeovers after agreeing to go public in a merger with a blank-check company that values the upstart at around $8.7 billion.

The company had canceled its planned pricing of the deal at the end of October over stock market volatility.

While the agreement with China Oceanwide still remains in place, there was no formal extension of the Dec. 31 deadline.

From the CARES Act’s effects to the spate of nonbanks going public, these developments stand to shape how the playing field looks in 2021.

The number of nonbank mortgage lenders who launched IPOs or merged with SPACs took off like a rocket in the second half of the year.

Join Jim McKelvey, co-founder of Square as he offers his insights into where the Fintech industry is headed next year. Will a Biden administration insist on greater regulation? What will happen in the cryptocurrency markets? What will be the big IPOs in the sector? Will GooglePlex make a big splash? What new technologies or applications should we be expecting?

Strong earnings expected in the next year will provide the best opportunity in decades to raise capital and monetize equity, Stephen Curry of Endurance Advisory Partners argues.

The results are in the middle of the range provided before the company went public in October.

Originations from all sources, including commercial and reverse mortgages, total $9.2 billion.

Company CEO Michael Nierenberg previously commented the real estate investment trust's parts could be worth more than the whole.