At the top of that range, Figure would have a market value of US$4.13 billion based on the outstanding shares listed in its filing. A 2021 venture-backed funding round valued the company at US$3.2 billion. Figure is expected to price the IPO on Sept. 10, according to a marketing presentation.
Blockchain-based credit company Figure Technology Solutions Inc. and some of its backers are seeking to raise US$526 million ($677.8 million) in an initial public offering.
The firm and its backers plan to market shares for US$18 to US$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.
