Figure Technologies, a blockchain-focused lending platform co-founded by Mike Cagney, has priced its initial public offering (IPO) at $25 per share, aiming to raise approximately $787.5 million. The offering consists of 31.5 million shares, with 23.5 million issued directly by Figure and 8 million from existing shareholders. There is potential for an increase to 36.2 million shares if underwriters opt to purchase more. The shares are scheduled to begin trading on the Nasdaq under the ticker symbol 'FIGR'. This IPO follows a significant upsizing from the company, which has facilitated more than $6 billion in loans, positioning itself as the largest non-bank provider in this sector. Leading the offering are Goldman Sachs, Jefferies, and Bank of America Securities, among others, with the final close set for September 12, pending customary conditions.

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