Overview

• The blockchain lender plans to offer 26.3 million shares at $18 to $20 each and to list on Nasdaq under the ticker FIGR.
• Goldman Sachs, Jefferies and BofA Securities are joint lead bookrunners, joined by Societe Generale, KBW, Mizuho and Stifel, with several co-managers including Texas Capital Securities and KKR.
• The offering comprises about 21.5 million new shares from Figure and 4.9 million from selling stockholders, and the company will not receive proceeds from the latter.
• Figure reported a $29 million profit for the first half of 2025 after a loss a year earlier, reflecting improved operating performance.
• Market interest in crypto-related offerings has picked up as Klarna and Gemini launched roadshows the same day and recent debuts by Bullish and Circle, along with ETF inflows, have supported sentiment.