Figure Technology Solutions is set to enter the U.S. IPO market, aiming for a $4.1 billion valuation by offering 26.3 million shares on Nasdaq under ticker FIGR.
The IPO signifies growing institutional legitimacy of blockchain-based financial services, yet leaves broader crypto markets untouched for now.
Figure Technology Solutions, a blockchain-based home equity lender, is preparing to list on Nasdaq, seeking a valuation of up to $4.1 billion. The company plans to offer 26.3 million shares, priced between $18-$20 each.
The IPO will be underwritten by industry heavyweights including Goldman Sachs and Bank of America. Founded by ex-SoFi CEO Mike Cagney, Figure utilizes the Provenance Blockchain for financial services.
The IPO aims to raise up to $526.3 million, with a $50 million anchor order confirmed. Figure reported a $29 million net profit in H1 2025, marking significant improvements from prior losses.
As of the latest updates, there are no direct quotes or statements available from Figure Technology Solutions leadership or key opinion leaders (KOLs) regarding the IPO recently announced. Hence, no quotes can be extracted in the requested format.
The initial public offering’s scale suggests increasing institutional recognition of blockchain finance platforms. While direct market shifts are limited, long-term adoption by institutions appears promising.
Coinbase’s 2021 IPO established a precedent for blockchain-native platforms entering public markets, boosting institutional confidence. Previous rounds had valued Figure at $3.2 billion.
Experts emphasize ongoing institutional adoption. Though immediate effects on major cryptocurrencies are minimal, Provenance Blockchain may gain traction as fintech and blockchain technologies merge further.
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