IPOE is another one of Chamath Palihapitiya's SPACs that announced it will merge with SoFi valued at $8.65B. SoFi is a financial services app for loan refinancing and mortgages, personal loads, credit cards, insurance, investing and more. It competes with SQ but is more focused on consumer banking rather than point of sale transactions. To compare, SQ is a ~110B valuation while IPOE and SoFi is only $8.65B. SoFi estimated to do 1B in revenue in 2021, up 60% from 2020 and is expected to continue 75% YoY user growth. This trade can be volatile however presents a good buying opportunity on the 18 level, and can really run higher on the break of the 22 resistance.