Figure Prices IPO at $25, Targets $5.3B Valuation on Nasdaq

Group 1 - Figure Technology Solutions has priced its initial public offering (IPO) at $25.00 per share for 31,500,000 shares, with trading expected to begin on Nasdaq on September 11, 2025 [1][6] - The offering consists of 23,506,605 shares from Figure and 7,993,395 shares from existing stockholders, with Figure not receiving proceeds from the latter [2] - The final IPO price of $25 per share values Figure at approximately $5.3 billion, with over 211 million total shares expected to be outstanding post-offering [3] Group 2 - Figure Technology Solutions is part of a growing trend of crypto IPOs in 2025, joining other blockchain-related firms like Coinbase and Circle, with potential listings from Kraken and Grayscale on the horizon [4] - The company operates a blockchain-native marketplace focused on capital markets, claiming to be the largest non-bank provider of home equity financing with over $16 billion in loans originated [5] Group 3 - The IPO is being managed by major financial institutions, including Goldman Sachs & Co. LLC, Jefferies, and BofA Securities, acting as joint lead bookrunning managers [6]