Figure announces IPO details: expected share price of $18-20, plans to issue 26,315,789 shares of Class A common stock

ChainCatcher news, blockchain lending platform Figure Technology Solutions has announced details of its initial public offering (IPO). It is reported that this offering includes 26,315,789 shares of Class A common stock, of which 21,461,085 shares are issued by Figure and 4,854,704 shares are issued by certain selling shareholders. The IPO price is expected to be between $18.00 and $20.00 per share.

Figure will not receive any proceeds from the sale of shares by selling shareholders. Figure expects to grant the underwriters a 30-day option to purchase up to 3,947,368 additional shares of Class A common stock at the IPO price less the underwriting discount and commissions. Additionally, Figure has applied to list its Class A common stock on the Nasdaq Global Select Market under the ticker symbol "FIGR".