Figure Technology Solutions, Inc. Announces Launch of Initial Public Offering

Figure Technology Solutions, Inc. (“Figure”) today announced the launch of its initial public offering of 26,315,789 shares of its Class A common stock, of which 21,461,085 shares are being offered by Figure and 4,854,704 shares are being offered by certain selling stockholders. The initial public offering price is expected to be between $18.00 and $20.00 per share. Figure will not receive any proceeds from any sale of shares by the selling stockholders. Figure expects to grant the underwriters a 30-day option to purchase up to an additional 3,947,368 shares of its Class A common stock at the initial public offering price, less underwriting discounts and commissions.

Figure has applied to list its Class A common stock on the Nasdaq Global Select Market under the ticker symbol “FIGR.” 

Goldman Sachs & Co. LLC, Jefferies and BofA Securities are acting as joint lead bookrunning managers for the proposed offering. Societe Generale, Keefe, Bruyette & Woods, A Stifel Company and Mizuho are acting as bookrunners for the proposed offering. Texas Capital Securities, Needham & Company, Piper Sandler, FT Partners, KKR and Roberts & Ryan are acting as co-managers for the proposed offering. 

The proposed offering is being made only by means of a prospectus. When available, a copy of the preliminary prospectus related to the offering may be obtained from Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, New York 10282, by telephone at 1-866-471-2526, or by email at prospectus-ny@ny.email.gs.com; Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, New York, New York 10022, by telephone at 1-877-821-7388, or by email at prospectus_department@jefferies.com; and BofA Securities, Attention: Prospectus Department, NC1-022-02-25, 201 North Tryon Street, Charlotte, North Carolina 28255-0001 or by email at dg.prospectus_requests@bofa.com. 

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. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.