Mike-Cagkey IPO figure prices to $ 25 per part that brings potential increases to close to $ 788m
Figure Technologies, a Blockchain-focused platform established by SOFI co-founder Mike Cagney, has priced the initial public offering to $ 25 per part, which will increase $ 787.5 million.
Company Class A stock shares are set to start trading in Nasdaq under the ticker symbol “Fig” later today, September 11, according to A Press release.
The offer includes 31.5 million shares, with approximately 23.5 million coming directly from the figure and 8 million from existing shareholders. An additional 4.7 million shares can be sold if underwriters use their choice to buy more.
Last week, the IPO of the company was proven to $ 526 million.
The figure has helped to come from more than $ 16 billion in loans in equity equitythat the firm says that it makes the bank’s biggest financing bank.
Goldman Sachs, Jefferies and Bofa Securities are leading the offering, accompanied by a slate by other underwriter, including Societe Generale, Stifel, and Mizuho.
The offer is set to close on September 12, pending standard closure conditions.
Read more: Mike Cagney’s Figure Technologies are looking for more than $ 4B appreciation for NASDAQ IPO
