Figure Technologies Aims for $4.13 Billion Valuation in Upcoming IPO

Figure Technologies, founded by Mike Cagney, plans an initial public offering (IPO) with a valuation of up to $4.13 billion, as per recent SEC filings.

The company aims to raise up to $526 million through the share sale.
Shares will trade on Nasdaq under the ticker FIGR.
Goldman Sachs, Jefferies, and BofA Securities are leading the underwriting syndicate.
Figure has originated over $16 billion in home equity lines of credit using its Provenance blockchain.
Earlier this year, it merged with Figure Markets, which issues YDLS, a yield-bearing stablecoin.