Figure Technology Upsizes Secondary Offering and Share Repurchase
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Should l Buy FIGR?
Source: seekingalpha
- Upsized Offering: Figure Technology announced an upsized secondary offering of 4,375,000 shares of its Series A Blockchain common stock at $32 per share, increasing the deal by 145,000 shares from the initial size, indicating strong market demand.
- Share Repurchase Plan: The company also agreed to repurchase 312,500 shares for about $10 million in cash, with the repurchase expected to close simultaneously with the offering, aimed at enhancing shareholder value and stabilizing stock prices.
- Strong Underwriter Lineup: Goldman Sachs, Morgan Stanley, and Cantor are acting as lead joint book-running managers for the offering, reflecting market confidence in Figure Technology and potentially attracting more investor interest in its future growth.
- Stock Price Volatility: Despite the offering announcement, FIGR shares fell 5.2% in premarket trading to $35.00, reflecting market concerns over the dilution effect of the offering and short-term stock price pressure.
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Analyst Views on FIGR
Wall Street analysts forecast FIGR stock price to rise
7 Analyst Rating
6 Buy
1 Hold
0 Sell
Strong Buy
Current: 36.910
Low
50.00
Averages
54.67
High
62.00
Current: 36.910
Low
50.00
Averages
54.67
High
62.00
About FIGR
Figure Technology Solutions Inc., formerly FT Intermediate, Inc., is a blockchain-native capital marketplace that connects origination, funding, and secondary market activity. It operates and manages its business through FT Intermediate, Inc. (FTI) and Figure Markets Holdings, Inc. (Markets). The Company's proprietary technology enables next generation lending, trading and investing activities in areas, such as consumer credit and digital assets. Its application of the blockchain ledger allows it to serve its end-customers, improve speed and efficiency, and enhance standardization and liquidity. Its products include Figure HELOC, DSCR Loan, Cash-Out Refinance, Crypto-Backed Loan, Blog, Testimonials, and Repayment Assistance. It utilizes blockchain technology to develop an exchange for digital assets and credit, with new product offerings including providing interest-bearing stablecoin deposits. Its Figure HELOCs offer investors a diversified and risk-adjusted return on the market.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Figure Technology Solutions Upsizes Secondary Public Offering
- Offering Size Increase: Figure Technology Solutions announced an upsizing of its secondary public offering from 4.3 million to 4.375 million shares of Series A Blockchain Common Stock at a price of $32 per share, indicating strong market demand for its stock.
- Share Repurchase Plan: The company plans to repurchase 312,500 shares of its Class A common stock from underwriters for approximately $10 million, with this repurchase expected to occur simultaneously with the offering, thereby enhancing investor confidence in the company's financial health.
- Market Participants: Goldman Sachs, Morgan Stanley, and Cantor are acting as lead underwriters for the offering, reflecting these financial institutions' recognition and support for Figure, which may attract more investor attention to its market performance.
- Funding Background: Figure has originated over $22 billion in home equity loans through its loan origination system and capital marketplace, establishing itself as the largest non-bank provider of home equity financing, showcasing its leadership position in the blockchain capital market.
See More
Figure Technology Upsizes Secondary Offering and Share Repurchase
- Upsized Offering: Figure Technology announced an upsized secondary offering of 4,375,000 shares of its Series A Blockchain common stock at $32 per share, increasing the deal by 145,000 shares from the initial size, indicating strong market demand.
- Share Repurchase Plan: The company also agreed to repurchase 312,500 shares for about $10 million in cash, with the repurchase expected to close simultaneously with the offering, aimed at enhancing shareholder value and stabilizing stock prices.
- Strong Underwriter Lineup: Goldman Sachs, Morgan Stanley, and Cantor are acting as lead joint book-running managers for the offering, reflecting market confidence in Figure Technology and potentially attracting more investor interest in its future growth.
- Stock Price Volatility: Despite the offering announcement, FIGR shares fell 5.2% in premarket trading to $35.00, reflecting market concerns over the dilution effect of the offering and short-term stock price pressure.
See More
REX Launches Two 2x Leveraged ETFs for FIGR and APH
- New ETF Launch: REX and Tuttle Capital Management have launched the T-REX 2X Long FIGR Daily Target ETF (Cboe: FGRU) and T-REX 2X Long APH Daily Target ETF (Cboe: APHU), providing the first 2x daily long exposure to Figure Technology Solutions, Inc. (NASDAQ:FIGR) and Amphenol Corporation (NYSE:APH), addressing market demand for leveraged investment tools.
- Market Positioning: FGRU is designed to deliver 200% of FIGR's daily performance, enabling traders to leverage blockchain technology to reduce costs and increase efficiency in the private credit market, while APHU offers 2x daily exposure to one of the world's largest providers of sensor and antenna solutions, covering multiple markets including communications and data centers.
- Innovation Leadership: Scott Acheychek, COO of REX, stated that T-REX continues to lead in single-stock innovation, with FGRU and APHU providing investors with the first single-stock ETF access to blockchain-driven lending innovation and global advanced electronics leadership.
- Product Expansion: This launch expands the T-REX ETF suite to over 40 leveraged and inverse single-stock ETFs, including first-to-market 2x exposures to Robinhood (ROBN), Nvidia (NVDX), and Tesla (TSLT), demonstrating REX's ongoing commitment to meeting evolving investor demands.
See More
Figure Technology Projects Revenue Growth for 2025
- Revenue Guidance Raised: Figure Technology Solutions expects adjusted net revenue for 2025 to range between $512.5 million and $517.5 million, surpassing the consensus estimate of $508.9 million, indicating strong market performance and growth potential.
- Strong Quarterly Performance: The company anticipates Q4 adjusted EBITDA to be between $80 million and $83 million, reflecting triple-digit year-over-year growth in the consumer loan marketplace, underscoring the diversity and scalability of its business model.
- Stock Offering Announcement: Figure Technology has announced a secondary public offering of up to 4.23 million shares of series A blockchain common stock, which is expected to provide additional funding to support future growth and investments.
- Share Repurchase Plan: Following the completion of the offering, the company plans to repurchase class A shares for up to $30 million, demonstrating confidence in its stock value and utilizing cash on hand for strategic investments.
See More
Figure Technology Initiates Secondary Public Offering
- Secondary Public Offering: Figure Technology Solutions has announced a proposed secondary public offering of up to 4.23 million shares of its Series A Blockchain Common Stock, which is expected to provide additional funding to support the expansion of its blockchain asset trading platform.
- Share Repurchase Plan: Following the completion of the offering, Figure intends to repurchase up to $30 million of its Class A common stock, demonstrating confidence in its stock value and aiming to enhance shareholder returns.
- Underwriter Lineup: Goldman Sachs, Morgan Stanley, and Cantor will act as lead underwriters for the offering, ensuring a smooth fundraising process while providing professional market support to investors.
- Market Position: Figure has established itself as the largest non-bank provider of home equity financing, having originated over $22 billion in home equity loans to date, further solidifying its leadership position in the blockchain capital marketplace.
See More
FIGURE TECHNOLOGY SOLUTIONS INC PROJECTS Q4 NET REVENUE OF $158 MILLION TO $162 MILLION
- Revenue Expectations: Figure Technology Solutions Inc. anticipates its net revenue for Q4 to be between $158 million and $162 million.
See More
Figure Technology Solutions Upsizes Secondary Public Offering
- Offering Size Increase: Figure Technology Solutions announced an upsizing of its secondary public offering from 4.3 million to 4.375 million shares of Series A Blockchain Common Stock at a price of $32 per share, indicating strong market demand for its stock.
- Share Repurchase Plan: The company plans to repurchase 312,500 shares of its Class A common stock from underwriters for approximately $10 million, with this repurchase expected to occur simultaneously with the offering, thereby enhancing investor confidence in the company's financial health.
- Market Participants: Goldman Sachs, Morgan Stanley, and Cantor are acting as lead underwriters for the offering, reflecting these financial institutions' recognition and support for Figure, which may attract more investor attention to its market performance.
- Funding Background: Figure has originated over $22 billion in home equity loans through its loan origination system and capital marketplace, establishing itself as the largest non-bank provider of home equity financing, showcasing its leadership position in the blockchain capital market.
See More
Figure Technology Upsizes Secondary Offering and Share Repurchase
- Upsized Offering: Figure Technology announced an upsized secondary offering of 4,375,000 shares of its Series A Blockchain common stock at $32 per share, increasing the deal by 145,000 shares from the initial size, indicating strong market demand.
- Share Repurchase Plan: The company also agreed to repurchase 312,500 shares for about $10 million in cash, with the repurchase expected to close simultaneously with the offering, aimed at enhancing shareholder value and stabilizing stock prices.
- Strong Underwriter Lineup: Goldman Sachs, Morgan Stanley, and Cantor are acting as lead joint book-running managers for the offering, reflecting market confidence in Figure Technology and potentially attracting more investor interest in its future growth.
- Stock Price Volatility: Despite the offering announcement, FIGR shares fell 5.2% in premarket trading to $35.00, reflecting market concerns over the dilution effect of the offering and short-term stock price pressure.
See More
REX Launches Two 2x Leveraged ETFs for FIGR and APH
- New ETF Launch: REX and Tuttle Capital Management have launched the T-REX 2X Long FIGR Daily Target ETF (Cboe: FGRU) and T-REX 2X Long APH Daily Target ETF (Cboe: APHU), providing the first 2x daily long exposure to Figure Technology Solutions, Inc. (NASDAQ:FIGR) and Amphenol Corporation (NYSE:APH), addressing market demand for leveraged investment tools.
- Market Positioning: FGRU is designed to deliver 200% of FIGR's daily performance, enabling traders to leverage blockchain technology to reduce costs and increase efficiency in the private credit market, while APHU offers 2x daily exposure to one of the world's largest providers of sensor and antenna solutions, covering multiple markets including communications and data centers.
- Innovation Leadership: Scott Acheychek, COO of REX, stated that T-REX continues to lead in single-stock innovation, with FGRU and APHU providing investors with the first single-stock ETF access to blockchain-driven lending innovation and global advanced electronics leadership.
- Product Expansion: This launch expands the T-REX ETF suite to over 40 leveraged and inverse single-stock ETFs, including first-to-market 2x exposures to Robinhood (ROBN), Nvidia (NVDX), and Tesla (TSLT), demonstrating REX's ongoing commitment to meeting evolving investor demands.
See More
Figure Technology Projects Revenue Growth for 2025
- Revenue Guidance Raised: Figure Technology Solutions expects adjusted net revenue for 2025 to range between $512.5 million and $517.5 million, surpassing the consensus estimate of $508.9 million, indicating strong market performance and growth potential.
- Strong Quarterly Performance: The company anticipates Q4 adjusted EBITDA to be between $80 million and $83 million, reflecting triple-digit year-over-year growth in the consumer loan marketplace, underscoring the diversity and scalability of its business model.
- Stock Offering Announcement: Figure Technology has announced a secondary public offering of up to 4.23 million shares of series A blockchain common stock, which is expected to provide additional funding to support future growth and investments.
- Share Repurchase Plan: Following the completion of the offering, the company plans to repurchase class A shares for up to $30 million, demonstrating confidence in its stock value and utilizing cash on hand for strategic investments.
See More
Figure Technology Initiates Secondary Public Offering
- Secondary Public Offering: Figure Technology Solutions has announced a proposed secondary public offering of up to 4.23 million shares of its Series A Blockchain Common Stock, which is expected to provide additional funding to support the expansion of its blockchain asset trading platform.
- Share Repurchase Plan: Following the completion of the offering, Figure intends to repurchase up to $30 million of its Class A common stock, demonstrating confidence in its stock value and aiming to enhance shareholder returns.
- Underwriter Lineup: Goldman Sachs, Morgan Stanley, and Cantor will act as lead underwriters for the offering, ensuring a smooth fundraising process while providing professional market support to investors.
- Market Position: Figure has established itself as the largest non-bank provider of home equity financing, having originated over $22 billion in home equity loans to date, further solidifying its leadership position in the blockchain capital marketplace.
See More
FIGURE TECHNOLOGY SOLUTIONS INC PROJECTS Q4 NET REVENUE OF $158 MILLION TO $162 MILLION
- Revenue Expectations: Figure Technology Solutions Inc. anticipates its net revenue for Q4 to be between $158 million and $162 million.
See More
