TechFlow news, September 11 — According to The Block, Figure Technology Solutions announced its initial public offering (IPO) price at $25 per share, above the previously estimated range of $20 to $22.
Figure, led by SoFi co-founder Mike Cagney, is issuing 31.5 million shares of Class A common stock, aiming to raise $787.5 million, giving the company a valuation of approximately $5.3 billion.
The company's shares will begin trading today on the Nasdaq Global Select Market under the ticker symbol "FIGR," with the offering expected to close on September 12. Goldman Sachs, Jefferies, and Bank of America are serving as joint lead underwriters.
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