Figure 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.
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MMG's Bodnar: We've Been Watching This Movie All Year Bill Bodnar of the Mortgage Market Guide breaks down the jobs report, why and how it came in above expectations, and what that means just days ahead of the Fed meeting.
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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.
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