Blockchain-Backed Lender Figure, Backers Raise $787.5 Million in IPO
Blockchain-based credit company Figure Technology Solutions Inc. and some of its backers raised $787.5 million in an initial public offering, pricing shares above a marketed range.The company and the selling shareholders including Ribbit Capital sold 31.5 million shares at $25 per share, according to a statementBloomberg Terminal. At the IPO price, Figure would have a market value of about $5.3 billion, based on the outstanding shares in its filings....
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