Figure priced the IPO at $25 per share and expects to raise $787.50 million
2025-09-11 11:28:59
Figure Technologies, a blockchain lending platform founded by SoFi co-founder Mike Cagney, has priced its initial public offering (IPO) at $25 per share and expects to raise $787.50 million. According to the press release, the company's Class A shares are scheduled to trade on Nasdaq later on September 11, under the ticker symbol "FIGR". The offering includes 31.50 million shares, of which about 23.50 million are directly from Figure and 8 million from existing shareholders. An additional 4.70 million shares can be sold if the underwriters exercise the option to buy more shares. Last week, the size of the company's IPO was expanded to $526 million. The offering is expected to close on September 12, subject to the usual closing conditions.
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