Figure prices IPO at $25 per share and is expected to raise $787.5 million
Source: PANews
Time: 2025-09-11 17:02:10
PANews September 11th news, according to CoinDesk, Figure Technologies, a blockchain lending platform founded by SoFi co-founder Mike Cagney, has priced its initial public offering (IPO) at $25 per share and is expected to raise $787.5 million. According to the press release, the company's Class A shares are scheduled to be listed on the Nasdaq later on September 11, today, under the stock code "FIGR". The issuance includes 31.5 million shares, of which approximately 23.5 million are directly from Figure and 8 million are from existing shareholders. If the underwriter exercises the option to buy more shares, an additional 4.7 million shares can be sold. Last week, the company's IPO expanded to $526 million. The issuance is expected to be completed on September 12, but regular delivery conditions must be met.