Figure technologies, a blockchain-focused lending platform founded by Sofi Medter Mike Cagney, has priced his original public offer for $ 25 per Stock, which would collect $ 787.5 million.
Shares in the company’s Class A share are scheduled to start trading with NASDAQ under the Ticker symbol “FIGRY LATER LATER LATER SEPTEMBER, September 11, according to a press release.
The offer includes 31.5 million shares, with approx. 23.5 million comes directly from figures and 8 million from existing shareholders. Another 4.7 million shares could be sold if insurance companies exercise their opportunity to buy more.
Last week, the company’s stock exchange listing was up to $ 526 million.
Figure has helped to stem more than $ 16 billion in home loans, as the company says makes it the largest non-bank provider of this financing.
Goldman Sachs, Jefferies and Bofa Securities lead the offer, together with a slate of other insurance companies, including Societe General, Stifel and Mizuho.
The supply is set to close on September 12 pending typical closure conditions.
Read more: Mike Cagney’s Figure Technologies Seeking Over $ 4B Value in Nasdaq IPO
