Goldman Sachs and JPMorgan will help blockchain financial company Figure with its IPO, which is valued at $2 to $3 billion

2023-11-21 18:45:29

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ChainCatcher news, according to Bloomberg, blockchain startup Figure is collaborating with Goldman Sachs, JPMorgan, and Jefferies, with its credit division potentially going public in 2024. These three institutions have also worked with Figure on the asset-backed securities (ABS) issuance in April. The company's valuation is between $2 billion and $3 billion.

Additionally, Figure aims to raise $50 million for its digital asset division. ChainCatcher previously reported that Figure completed a $200 million Series D funding round in May 2021 at a valuation of $3.2 billion, led by 10T Holdings and Morgan Creek Digital.

Insiders say the company was expected to raise $300 million in 2022, but financing deals were stalled due to the bear market, and the current $100 million funding may be delayed as Figure disagrees to lower its valuation.

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Figure Goldman Sachs JPMorgan Chase

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