Figure Technology Solutions Inc confidentially submitted draft IPO registration to SEC

Figure Technology Solutions Inc confidentially submitted draft IPO registration to SEC

Figure Technology Solutions Inc has announced its intention to file a Registration Statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) for an initial public offering (IPO) of its common stock. The company aims to list on the Nasdaq Stock Market, following a similar approach to Public Policy Holding Company, Inc. [1].

The IPO, expected to commence after the SEC completes its review process, is designed to broaden access to capital markets, enhance shareholder liquidity, and support long-term business objectives. Figure Technology Solutions will maintain its existing listing on London’s AIM market following the U.S. listing, similar to Public Policy Holding Company’s strategy [1].

Founded in 2014, Figure Technology Solutions provides technology solutions to clients across various sectors, including healthcare, pharmaceuticals, financial services, energy, technology, telecommunications, and transportation. The company operates through multiple entities globally and has expanded through both organic growth and acquisitions [1].

The IPO announcement adheres to Rule 135 under the Securities Act of 1933 and does not constitute an offer to sell securities. The proposed listing on the Nasdaq requires Nasdaq’s approval, subject to market conditions and other factors [1].

The IPO filing marks a significant milestone for Figure Technology Solutions, positioning the company to attract new investors and expand its market reach. Investors and financial professionals should closely monitor the SEC’s review process and any updates from the company regarding the IPO timeline.

References:
[1] https://www.investing.com/news/stock-market-news/public-policy-holding-company-plans-us-ipo-on-nasdaq-432SI-4166171