Stablecoin issuer Figure Technologies has increased both the size and price range of its IPO, now targeting $20–$22 per share and 31.5 million shares, potentially raising $693 million and valuing the company at $4.66 billion. Trading is set to begin on Nasdaq under the symbol FIGR this Thursday.
Co-founded in 2018 by tech entrepreneur Mike Cagney, Figure operates a blockchain-native platform for lending, trading, and investing in consumer credit and digital assets. Notably, the company funds home equity loans in just 10 days, compared to the industry average of 42 days.
Figure recently swung to a $29 million profit for the first half of 2025, reversing a $13 million loss from the same period last year. Investors’ enthusiasm is being fueled by growing retail interest in crypto and digital asset stocks, following recent IPOs from Bullish and Circle. High-profile investors like Stanley Druckenmiller’s Duquesne Family Office have also expressed interest in participating in the offering.
💡 Why it matters:
- Highlights strong momentum for crypto-related IPOs
- Demonstrates investor confidence in stablecoins and blockchain fintech
- Signals growing integration of digital assets in consumer finance