Figure Technologies, a blockchain-based lending platform founded by SoFi’s co-founder Mike Cagney, has set its IPO price at $25 per share, aiming to raise approximately $787.5 million.

The IPO will offer 31.5 million shares, including 23.5 million from Figure and 8 million from current shareholders, with the possibility of increasing to 36.2 million if underwriters take up their options. Shares are proposed to be traded on the Nasdaq under the ticker symbol “FIGR” starting today.

According to the company, it has successfully originated over $16 billion in home equity loans, positioning itself as the largest non-bank provider in this sector.

Goldman Sachs, Jefferies, and BofA Securities are leading the offering alongside various underwriters, including Societe Generale, Stifel, and Mizuho. The offering is expected to finalize by September 12, subject to the usual closing conditions.