Figure sets IPO price at $25 per share, pre-listing valuation exceeds $5 billions
ChainCatcher reported that Figure Technology Solutions, a blockchain-native lending company led by SoFi co-founder Mike Cagney, announced the pricing of its initial public offering (IPO) on Wednesday evening: issuing 31,500,000 shares of Class A common stock. The company set the offering price at $25 per share—higher than the $20 to $22 per share range disclosed earlier that day in the S-1 filing submitted to the U.S. Securities and Exchange Commission (SEC).
At the announced price, Figure plans to raise $787.5 million through the IPO (previously expected to be $693 million), with a company valuation of approximately $5.3 billion (previously $4.7 billion). Upon completion of the offering, a total of approximately 211.7 million shares of Class A and Class B common stock will be outstanding, excluding the underwriters’ over-allotment option. The offering includes 23,506,605 shares of Class A common stock issued by Figure and 7,993,395 shares of Class A common stock sold by certain existing shareholders. This represents an adjustment from the figures in the previous filing, which were 26,645,296 shares and 4,854,704 shares, respectively, indicating a change in the offering structure. Figure will not receive any proceeds from the shares sold by existing shareholders.
.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Ant Digital Technologies and Longshine Technology Announce Joint Establishment of AntChain Credit Company
Data: Three newly created wallets received over $200 million worth of ETH from FalconX within nearly three hours
The Dow Jones surpasses 46,000 points, reaching a new all-time high with an intraday gain of over 500 points.
Trending news
MoreCrypto prices
More








