Figure will be listed on Nasdaq today, with IPO expanding to $787.5 million

According to Foresight News, Figure Technologies A-class shares, founded by SoFi co-founder Mike Cagney, is scheduled to be listed on Nasdaq later on September 11 (that is, today) under the stock code "FIGR". It has priced its initial public offering (IPO) at $25 per share and is expected to raise $787.5 million.


The offering includes 31.5 million shares, of which approximately 23.5 million are directly from Figure and 8 million are from existing shareholders. An additional 4.7 million shares can be sold if the underwriter exercises the option to buy more shares. The company's IPO has previously expanded from $526 million to $693 million. The issuance is expected to be completed on September 12, but regular delivery conditions are subject to compliance.

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