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Figure sets IPO Price at $25 per share, Pre-listing Valuation Surpasses $5 Billion
By: theblockbeats.news|2025/09/11 19:52:43
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BlockBeats News, September 11th, Blockchain-native lending company Figure Technology Solutions, 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 in the S-1 filing submitted to the U.S. Securities and Exchange Commission (SEC) that same day.
At the announced price, Figure plans to raise $7.875 billion through the IPO (previously projected at $6.93 billion), with a company valuation of approximately $53 billion (previously $47 billion). Following the offering, a total of around 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 differs from the previous figures in the documents, which were 26,645,296 shares and 4,854,704 shares, respectively, indicating a change in the issuance structure. Figure will not receive any proceeds from the shares sold by existing shareholders.
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