Figure Technologies, a blockchain-focused lender, is preparing to go public on Nasdaq under the ticker FIGR with a reported valuation of up to $4.3 billion.
Details of Figure Technologies IPO
Figure Technologies plans to sell up to 26.3 million shares priced between $18 and $20, aiming to raise as much as $526 million. Pricing is expected by September 10.
Importance of the IPO in Current Market Conditions
The IPO of Figure Technologies occurs amidst a wave of innovative crypto-related listings. With recent successful debuts and improved conditions, the support from the current administration is likely to keep the IPO pipeline active.
Figure's Financial Performance and Future Plans
Founded in 2018, Figure has shown positive financial results, including $191 million in revenue for the first half of 2025 and a swing to $29 million in profit. The company's long-term challenge will be maintaining margins in a competitive lending market.
The IPO of Figure Technologies marks a significant milestone for blockchain lenders and could signal further opportunities for other companies in this sector.
