Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Figure sets IPO price at $25 per share, pre-listing valuation exceeds $5 billions

Figure sets IPO price at $25 per share, pre-listing valuation exceeds $5 billions

ChaincatcherChaincatcher2025/09/11 11:24
Show original

ChainCatcher reported that Figure Technology Solutions, a blockchain-native lending company led by SoFi co-founder Mike Cagney, announced the pricing of its initial public offering (IPO) on Wednesday evening: issuing 31,500,000 shares of Class A common stock. The company set the offering price at $25 per share—higher than the $20 to $22 per share range disclosed earlier that day in the S-1 filing submitted to the U.S. Securities and Exchange Commission (SEC).

At the announced price, Figure plans to raise $787.5 million through the IPO (previously expected to be $693 million), with a company valuation of approximately $5.3 billion (previously $4.7 billion). Upon completion of the offering, a total of approximately 211.7 million shares of Class A and Class B common stock will be outstanding, excluding the underwriters’ over-allotment option. The offering includes 23,506,605 shares of Class A common stock issued by Figure and 7,993,395 shares of Class A common stock sold by certain existing shareholders. This represents an adjustment from the figures in the previous filing, which were 26,645,296 shares and 4,854,704 shares, respectively, indicating a change in the offering structure. Figure will not receive any proceeds from the shares sold by existing shareholders.

.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!