SOFI – S&P 500 Inclusion Setup
$SoFi Technologies Inc.(SOFI)$ will be included in the $S&P 500(.SPX)$ during tonight's rebalancing announcement.
We've seen this movie before.
When $SUPER MICRO COMPUTER INC(SMCI)$ joined the S&P, the company announced a $1.5B offering three weeks before the inclusion news.
When $Tesla Motors(TSLA)$ joined the S&P, they had two offerings in three months...one was 8 weeks before inclusion news, one was just days before the inclusion news.
Sounds familiar?
SOFI just announced a $1.5B offering...today is the rebalancing & inclusion announcement, which would officially go into effect on December 19th (2 weeks out).
Patterns.
That's my prediction.
If so, SOFI will pop big on this news.
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