Figure’s Blockchain Bonanza: $25 a Pop, Nearly $800M Raised! 🎉💰

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Finance

What to know:

  • Figure Technologies has priced its IPO at $25 per share, valuing the offering at $787.5 million. 🤑
  • The offering includes 31.5 million shares, with around 23.5 million coming from Figure and 8 million from existing shareholders, and could increase to 36.2 million if underwriters exercise their option. 📈
  • Figure’s IPO is set to begin trading on the Nasdaq under the ticker symbol “FIGR” on September 11. 🚀

Figure Technologies, a blockchain-focused lending platform founded by SoFi co-founder Mike Cagney, has priced its initial public offering at $25 per share, which would raise $787.5 million. Not bad for a day’s work, eh? 😏

Shares of the company’s Class A stock is scheduled to begin trading on the Nasdaq under the ticker symbol “FIGR” later today, September 11, according to a press release. Mark your calendars, folks! 🗓️

The offering includes 31.5 million shares, with roughly 23.5 million coming directly from Figure and 8 million from existing shareholders. An additional 4.7 million shares could be sold if underwriters exercise their option to purchase more. It’s like a choose-your-own-adventure novel, but with stocks! 📚📊

Last week, the company’s IPO was upsized to $526 million. Talk about demand! 🙌

Figure has helped originate more than $16 billion in home equity loans, which the firm says makes it the largest non-bank provider of that financing. That’s a lot of houses! 🏡💸

Goldman Sachs, Jefferies and BofA Securities are leading the offering, joined by a slate of other underwriters, including Societe Generale, Stifel, and Mizuho. It’s like a who’s who of Wall Street! 🏦👥

The offering is set to close on September 12, pending typical closing conditions. Fingers crossed, everyone! 🤞

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2025-09-11 12:35