Figure Technologies Seeks $526M in US Blockchain IPO

Blockchain lending firm Figure Technologies is planning an initial public offering to raise up to $526.32 million by selling 21.46 million shares, with selling shareholders offering an additional 4.85 million shares at a price range of $18 to $20 per share. The company, aiming for a valuation of up to $4.13 billion, will list on the Nasdaq exchange under the ticker "FIGR," with Goldman Sachs, Jefferies, and BofA Securities as lead underwriters. This IPO is part of a broader resurgence in investor confidence in fintech and blockchain companies, driven by a buoyant equity market, recent successful crypto-related debuts, and renewed regulatory clarity. Figure Technologies, co-founded by Mike Cagney in 2018, operates a blockchain-native platform for lending and investing in consumer credit and digital assets, notably reducing home equity loan funding time from 42 days to 10. The company recently turned profitable, posting a $29 million profit for the first half of 2025, compared to a loss in the previous year, reflecting growing institutional adoption of digital assets amid supportive current administration policies. Other fintech and crypto firms like Klarna and Gemini have also initiated IPO roadshows concurrently, signaling a strong wave of new market entries in the sector.