Figure Technology Solutions, the blockchain-native lending company led by SoFi co-founder Mike Cagney, announced the pricing of its initial public offering (IPO) on Wednesday evening: the issuance of 31,500,000 shares of Class A common stock. The company priced the offering at $25 per share, higher than the $20 to $22 per share range disclosed in its S-1 filing with the U.S. Securities and Exchange Commission (SEC) earlier that day. At the announced price, Figure plans to raise $787.5 million in the IPO (previously projected at $693 million), valuing the company at approximately $5.3 billion (previously $4.7 billion). Upon completion of the offering, a total of approximately 211.7 million shares of Class A and Class B common stock will be outstanding, excluding the underwriters' overallotment option. The offering consists of 23,506,605 shares of Class A common stock issued by Figure and 7,993,395 shares of Class A common stock sold by certain existing shareholders. This is an adjustment from the figures in the previous filing, which were 26,645,296 shares and 4,854,704 shares, respectively, indicating that the issuance structure has changed. Figure will not receive any proceeds from the shares sold by existing shareholders. (Theblock)