"Figure announced the launch of its IPO earlier this month, which offered 26.3 million shares of Class A common stock in a bid to raise $526 million. Goldman Sachs, Jefferies and BofA Securities are serving as joint lead bookrunners for the offering. Societe Generale, Keefe, Bruyette & Woods, Mizuho and Stifel are also acting as bookrunners, while Texas Capital Securities, Needham & Co., Piper"
"as bookrunners, while Texas Capital Securities, Needham & Co., Piper Sandler, FT Partners, KKR and Roberts & Ryan are co-managers for the proposed offering. Co-founded in 2018 by Mike Cagney, Figure uses blockchain to connect lenders and borrowers for consumer lending, trading and digital asset investments. The company said it can fund home equity loans in 10 days, compared with the industry average of 42 days."
Figure's Class A common stock began trading on the Nasdaq Global Select Market under the ticker FIGR. The IPO offered 26.3 million Class A shares in an attempt to raise $526 million and is expected to close the following day pending customary conditions. Goldman Sachs, Jefferies and BofA Securities are joint lead bookrunners, with Societe Generale, Keefe, Bruyette & Woods, Mizuho and Stifel as bookrunners and multiple firms serving as co-managers. Co-founded in 2018 by Mike Cagney, Figure uses blockchain to connect lenders and borrowers for consumer lending, trading and digital asset investments. The company reported it can fund home equity loans in 10 days, versus an industry average of 42 days.
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