Blockchain-Based Lender Figure, Backers Seek $526 Million in IPO
Figure shares are expected to trade on the Nasdaq Stock Market under the symbol FIGR.
Photographer: Michael Nagle/BloombergBlockchain-based credit company Figure Technology Solutions Inc. and some of its backers are seeking to raise $526 million in an initial public offering.
The firm and its backers plan to market shares for $18 to $20 each, according to its filing Tuesday with the US Securities and Exchange Commission. The company is offering 21.5 million shares, and the shareholders are selling 4.9 million shares, the filing shows.