$SoFi Technologies Inc.(SOFI)$ The technical explanation for price anchoring post-capital raise revolves around underwriters' overallotment options. With 8 million shares dangling like Damocles' sword at $27.50, market makers essentially create invisible guardrails - upward moves get tempered by potential share dilution, while dips trigger institutional buying support. This dynamic equilibrium, known as greenshoe mechanics, forms a temporary price magnetism zone.
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