Figure Technologies, a Blockchain loan platform founded by the co-founder of Sofi, Mike Cagney, estimated its initial public offer at $ 25 per share, which would collect $ 787.5 million.
Class A actions of the company should start to negotiate the NASDAQ under the symbol of Ticker “FIGR” later in the day, on September 11, according to a press release.
The offer includes 31.5 million shares, with around 23.5 million coming directly from the figure and 8 million of existing shareholders. 4.7 million additional shares could be sold if the subscribers exercise their option to buy more.
Last week, the company’s IPO was reduced to $ 526 million.
The figure has contributed to more than $ 16 billion in home loans, which, according to the company, in fact the largest non -banking supplier in this funding.
Goldman Sachs, Jefferies and Bofa Securities lead the offer, joined by a list of other subscribers, including Societe General, Stifel and Mizuho.
The offer should close on September 12, pending the typical closing conditions.
Read more: Mike Cagney Figure technologies is looking for an assessment of more than $ 4 billion in the NASDAQ IPO
