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6 months agoBusiness
Figure hires banks for lending arm IPO: Bloomberg
Financial technology firm Figure Technologies is preparing for an IPO of its lending division, LendCo, by hiring investment banks including Goldman Sachs and JPMorgan.
Figure Technologies seeks to raise $50 million for its digital asset arm, led by CEO Mike Cagney.
Figure Technologies previously attempted to go public through a SPAC merger and a merger with Homebridge Financial Services, both of which fell through due to various factors. [ more ]