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Figure Hires Banks to Take Lending Arm Public: Bloomberg

Fintech company Figure Technologies has enlisted banks such as Goldman Sachs, JPMorgan Chase and Jefferies Financial for its lending arm’s initial public offering, according to sources with knowledge of the situation. So reports Bloomberg.

figure technologiesFigure is eyeing a valuation of $2 billion to $3 billion and a first half of 2024 IPO date for its LendCo division, sources told Bloomberg.

Former SoFi Technologies boss Mike Cagney founded Figure in 2018.

Read the full article from Bloomberg.

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