"The IPO news is a win for the San Francisco-based company, which faced challenges to go public during the Biden administration but sees a friendlier environment for crypto-related businesses under the Trump administration. Figure is targeting a valuation of up to $4.13 billion in its IPO. A Figure spokesperson told HousingWire in July that the company was pursuing an IPO and announced its filing of a confidential S-1 form with the Securities and Exchange Commission (SEC)."
"The offering includes about 21.5 million shares from Figure and 4.9 million shares from certain selling stockholders. The company confirmed in a press release that it will not receive any proceeds from shares sold by those stockholders. The IPO price is expected to range from $18 to $20 per share. Figure also plans to grant underwriters a 30-day option to buy up to an additional 3.9 million shares at the IPO price, minus underwriting discounts and commissions."
Figure is pursuing an IPO targeting a valuation up to $4.13 billion and filed a confidential S-1 with the SEC. The offering includes about 21.5 million shares from Figure and 4.9 million shares from certain selling stockholders; Figure will not receive proceeds from shares sold by those stockholders. The IPO price is expected to range from $18 to $20 per share. Underwriters have a 30-day option to buy up to 3.9 million additional shares at the IPO price, minus underwriting discounts and commissions. Figure applied to list on the Nasdaq Global Select Market under ticker FIGR. The company was co-founded in 2018 by Mike Cagney and operates a blockchain-based platform for consumer lending, trading and digital assets investing. A registration statement has been filed with the SEC but is not yet effective.
Read at www.housingwire.com
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