Figure Technology Solutions intends to issue 26,315,789 Class A common shares

Huobi HTX reported that blockchain lending platform Figure Technology Solutions announced details of the initial public offering (IPO). It is reported that 26,315,789 Class A common shares were issued this time, of which 21,461,085 were issued by Figure and 4,854,704 were issued by some shareholders of the sale. The initial public offering price is expected to be between $18.00 and $20.00 per share. Figure will not receive any gain from any share sale of shareholders in the sale. Figure expects to grant underwriters a 30-day option to purchase up to 3,947,368 Class A common shares at the IPO price minus the underwriting discount and commission. In addition, Figure has applied to list its Class A common stock on the Nasdaq Global Select Market under the stock code "FIGR".