Figure Prices IPO at $25, Valuation Tops $5 Billion Before Nasdaq Debut

Figure set its IPO price at $25 per share, implying a valuation above $5 billion ahead of its Nasdaq debut.

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Terms & Concepts
  • IPO (Initial Public Offering): The process by which a private company offers shares to the public for the first time on a stock exchange.
  • Valuation: An estimate of a company’s worth, often derived from share price multiplied by the number of outstanding shares.
  • Nasdaq: A major U.S. stock exchange known for listing technology and growth-oriented companies.