Figure Technologies Aims for Over $4 Billion Valuation in Upcoming IPO
Finance/Markets

Figure Technologies Aims for Over $4 Billion Valuation in Upcoming IPO

Figure Technologies plans to raise $526 million while seeking a valuation exceeding $4 billion through an IPO.

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Figure Technologies, the blockchain lending firm founded by Mike Cagney, is pursuing a valuation of up to $4.13 billion in its upcoming initial public offering (IPO), based on the latest filings with the U.S. Securities and Exchange Commission.

  • Funding Goal: The company aims to secure approximately $526 million through this share sale, positioning Figure as a significant player in the crypto sector re-entering equity markets amidst a resurgence of investor interest.
  • Trading Venue: The shares will be listed on Nasdaq under the ticker FIGR, with major investment firms such as Goldman Sachs, Jefferies, and BofA Securities leading the underwriting team.
  • Business Operations: Having facilitated over $16 billion in home equity lines of credit via its Provenance blockchain, Figure has recently merged with Figure Markets, a venture that engages in the blockchain marketplace and employs YDLS, a yield-bearing stablecoin structured as a tokenized money market fund.

For more detailed information, visit CoinDesk.

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