Figure Technology Solutions plans to issue 26,315,789 Class A common shares.

Jinse Finance reported that blockchain lending platform Figure Technology Solutions has announced details of its initial public offering (IPO). It is reported that 26,315,789 shares of Class A common stock will be issued in this offering, of which 21,461,085 shares will be issued by Figure and 4,854,704 shares will be sold 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 the selling shareholders. Figure expects to grant underwriters a 30-day option to purchase up to 3,947,368 additional shares of Class A common stock at the IPO price, less underwriting discounts and commissions. In addition, Figure has applied to list its Class A common stock on the Nasdaq Global Select Market under the ticker symbol "FIGR".