Figure Technologies, a loan platform centered on the block chain founded by Sofi Mike Cagney, has set its initial public offer of $ 25 per share, which would fall $ 787.5 million.
The company’s class A action actions are scheduled to start quoting at the Nasdaq under the “Figr” Ticker symbol later today, September 11, according to a press release.
The offer includes 31.5 million shares, with approximately 23.5 million directly from the figure and 8 million of the existing shareholders. 4.7 million additional shares could be sold if insurers exercise their option to buy more.
Last week, the company’s IPO increased to $ 526 million.
The figure has helped cause more than $ 16 billion in domestic capital loans, which the company says it makes it the largest non -banking supplier of that financing.
Goldman Sachs, Jefferies and Bofa Securities are leading the offer, united by a list of other insurers, including Societe Generale, Stifel and Mizuho.
The offer will close on September 12, waiting for the typical closure conditions.
Read more: Mike Cagney figures technologies are looking for more than $ 4B in the Nasdaq OPO assessment
