12.09.2025 01:15

Figure Technologies, the blockchain-centric lending platform spearheaded by SoFi co-founder Mike Cagney, has set its IPO price at $25 per share, according to information gleaned from internet sources. This move positions the company to potentially amass approximately $787.5 million in capital.

As detailed in a recent press release, the Class A shares of Figure are poised to commence trading on the Nasdaq exchange today, September 11, under the designated ticker symbol "FIGR." The IPO encompasses a total of 31.5 million shares; specifically, around 23.5 million originate directly from Figure, while the remaining 8 million are being divested by current shareholders. Furthermore, underwriters possess the option to procure an additional 4.7 million shares.

The firm's IPO was previously expanded to $526 million the prior week. Figure has facilitated the origination of over $16 billion in home equity loans, which they tout as making them the largest non-bank source for this type of financing. The financial giants of Goldman Sachs, Jefferies, and BofA Securities are spearheading the offering.

Alongside them, a consortium of underwriters including Societe Generale, Stifel, and Mizuho are participating in the initiative. Assuming that customary closing conditions are satisfied, the offering is scheduled to formally conclude on September 12, based on reports circulating from internet resources.