Figure Technology Solutions, Inc. (Figure) has filed a registration statement on Form S-1 with the U.
S. Securities and Exchange Commission (SEC) for a proposed initial public offering of its Class A common stock.
The number of shares to be offered and the price range for the proposed offering have not yet been determined. The proposed offering is subject to market and other conditions, and there is no assurance as to when or if the offering may be completed, or as to its actual size or terms. Figure has applied to list its Class A common stock on the Nasdaq Global Market under the ticker symbol “FIGR.”
Goldman Sachs & Co. LLC, Jefferies, and BofA Securities are acting as lead bookrunners for the proposed offering. The offering will be made solely by means of a prospectus. A registration statement relating to these securities has been filed with the SEC but has not yet become effective; these securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective.
Figure Technology Solutions is described as a blockchain-native capital marketplace that integrates origination, funding, and secondary market activities. It serves more than 160 partners who utilize its loan origination system and capital marketplace.
Combined, Figure and its partners have originated over $16 billion in home equity to date, among other products, establishing Figure’s ecosystem as a significant non-bank provider of home equity financing. The company’s rapidly expanding components include Figure Connect, its consumer credit marketplace, and Democratized Prime, an on-chain lend-borrow marketplace.
Figure’s ecosystem also encompasses DART (Digital Asset Registry Technology) for asset custody and lien perfection, and YLDS, an SEC-registered yield-bearing stablecoin that functions as a tokenized money market fund. Shareholder and regulatory approval are required prior to the closing of the FT Intermediate, Inc. and Figure Markets Holdings, Inc. merger and subsequent name change to Figure Technology Solutions, Inc.
