Co-founded by Cagney, the former SoFi CEO, Figure is eyeing early next year and a $2.5 billion public valuation for LendCo, according to documents viewed by Bloomberg.
A Figure spokesperson declined to comment to the news service.
-
Rising Mortgage Rates and Their Impact on the Housing Market
Explore the effects of rising mortgage rates on the housing market, with insights into buyer behavior and real estate trends amidst economic shifts.
Estimated reading time: 0 minutes, 22 seconds
Figure Plans to Go Public, Lays Off 20% of Staff
Mike Cagney’s Figure Technologies has let go 90 employees, representing around 20% of its headcount, while at the same time, the company is planning to take its profitable LendCo lending division public. So reports Bloomberg.
MOST READ STORIES
Fast,Easy & Free
