Blockchain-Based Lender Figure, Backers Seek $526 Million in IPO

Blockchain-based credit company Figure Technology Solutions Inc. and some of its backers are seeking to raise $526 million in an initial public offering.

The firm and its backers plan to market shares for $18 to $20 each, according to its filing Tuesday with the US Securities and Exchange Commission. The company is offering 21.5 million shares, and the shareholders are selling 4.9 million shares, the filing shows.

At the top of that range, Figure would have a market value of $4.13 billion based on the outstanding shares listed in its filing. A 2021 venture-backed funding round valued the company at ...