People familiar with the transaction told Bloomberg that Figure is working with Goldman Sachs Group Inc., JP Morgan Chase & Co. and Jefferies Financial Group Inc. for the IPO.
Figure originated $900 million in loans and generated $2.7 million in adjusted profits in the second quarter of 2023, according to Cagney's letter to investors and partners in July.
The company planned to go public via a merger with special purpose acquisition company (SPAC) Figure Acquisition Corp. in 2022. However, it was scrapped with the blank check company getting delisted from the New York Stock Exchange.
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