rewrite this title and make it good for SEO Blockchain-Based Lending Company Figure Eyes $788M from IPO Priced at $25 Per Share – NFTgators

Quick take:

The company’s shares are set to debut on Nasdaq under the ticker symbol “FIGR” on September 11.

Underwriters of the IPO have the option to purchase an additional 4,725,000 shares, bringing the total shares sold to 36.2 million.

Figure will not receive any proceeds from shares sold by shareholders.

Figure, the blockchain-based lending company, has priced its IPO at $25 per share. The company is selling 31.5 million Class A shares of common stock, with around 23,506,605 coming from Figure and 7,993,395 from existing shareholders, accoridng to a press release seen by NFTgators.

The pricing could see the company raise $787.5 million. However, the company will not receive any proceeds from shares sold by shareholders. The shares are set to debut on Nasdaq under the ticker symbol “FIGR” on September 11. The offering closes on September 12, subject to satisfying customary closing conditions. 

The company has also granted underwriters a 30-day option to purchase an additional 4,725,000 shares, bringing the total shares sold to 36.2 million.

Goldman Sachs, Jefferies, and BofA Securities are acting as joint lead bookrunning managers for the offering, with Societe Generale, Keefe, Stifel’s Bruyette & Woods, and Mizuho acting as bookrunners.

The offering is being co-managed by Texas Capital Securities, Needham & Company, Piper Sandler, FT Partners, KKR, and Roberts & Ryan.

This IPO is the latest in a growing list of crypto companies that are going public. The likes of eToro and Circle Internet both had successful public listings earlier in the year, which led to more crypto companies filing for IPOs.

In February, Figure raised $200 million from investment management firm Sixth Street to expand to other lending markets.

Stay on top of things:

Subscribe to our newsletter using this link – we won’t spam!

Follow us on X and Telegram.