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

Golden Finance reports that the blockchain lending platform Figure Technology Solutions has announced details of its initial public offering (IPO). It is reported that a total of 26,315,789 shares of Class A common stock will be issued, of which 21,461,085 shares will be issued by Figure and 4,854,704 shares will be issued by certain selling shareholders. The initial public offering 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 selling shareholders. Figure expects to grant the underwriters a 30-day options to purchase up to 3,947,368 shares of Class A common stock at the IPO price less the underwriting discount and commission. Additionally, Figure has applied to list its Class A common stock on the Nasdaq Global Select Market under the ticker symbol “FIGR.”