11 hours ago
The offering includes 31.5 cardinal shares, with astir 23.5 cardinal coming from Figure and 8 cardinal from existing shareholders.
Sep 11, 2025, 8:19 a.m.
Figure Technologies, a blockchain-focused lending level founded by SoFi co-founder Mike Cagney, has priced its archetypal nationalist offering astatine $25 per share, which would rise $787.5 million.
Shares of the company’s Class A banal is scheduled to statesman trading connected the Nasdaq nether the ticker awesome “FIGR” aboriginal today, September 11, according to a press release.
The offering includes 31.5 cardinal shares, with astir 23.5 cardinal coming straight from Figure and 8 cardinal from existing shareholders. An further 4.7 cardinal shares could beryllium sold if underwriters workout their enactment to acquisition more.
Last week, the company’s IPO was upsized to $526 million.
Figure has helped originate much than $16 cardinal successful location equity loans, which the steadfast says makes it the largest non-bank supplier of that financing.
Goldman Sachs, Jefferies and BofA Securities are starring the offering, joined by a slate of different underwriters, including Societe Generale, Stifel, and Mizuho.
The offering is acceptable to adjacent connected September 12, pending emblematic closing conditions.
Read more: Mike Cagney's Figure Technologies Seeks Over $4B Valuation successful Nasdaq IPO
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