Blockchain-Based Lender Figure Prices IPO at $25 Per Share, Raising Nearly $788M

Figure Technologies, a blockchain-focused lending platform founded by SoFi co-founder Mike Cagney, has priced its initial public offering at $25 per share, which would raise $787.5 million. Shares of the company’s Class A stock is scheduled to begin trading on the Nasdaq under the ticker symbol “FIGR” later today, September 11, according to a press release. The offering includes 31.5 million shares, with roughly 23.5 million coming directly from Figure and 8 million from existing shareholders. An additio ...