The shares of Figure (Figr) closed at $ 31.11 in their debut in Nasdaq of September 11, winning 24% of the presale price of $ 25 and establishing a market limit of $ 6.6 billion with 211.66 million shares in circulation.
The Native Blockchain loan platform reached an intra -dome peak of $ 36.13, which represents an increase of 44.5%, before establishing the closing levels.
The debut continued without negotiating the detainees, in contrast to recent Cryptographic OPIs, including Circle (CRCL) and American Bitcoin (ABTC), which faced suspensions promoted by volatility.
The constant pattern of trade in the figure reflected the institutional confidence in the company’s tokenized credit model and established loan operations.
The company published the milestone in X, declaring:
“What began as an idea to reinvent capital markets through Blockchain is to become a reality with the money that moves faster, more cheaper and transparently. We are starting.”
Competitive market position
The figure enters public markets such as the smallest cryptographic firm for market capitalization among recent IPOs, the $ 8.04 billion bullish, the $ 7.52 billion of American bitcoin, $ 10.99 billion of circle and $ 30.74 billion circle.
However, the figure maintains one of the lowest shares counts at 211.66 million, with only a scope of the emission of fewer shares at 148.91 million.
The projected figure of Vaneck Matthew Sigel analyst could double at $ 40 per share within 12 months in a September 9 analysis.
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He pointed out that Figr has upward potential of $ 60-75 for 18-24 months depending on the adoption and expansion of the margin. The firm operates the first institutional grade chain loan platform with $ 12 billion in pending loans and approximately $ 750 million in monthly origins.
The native blockchain titulization model of the figure provides operational efficiencies on traditional loan platforms.
Sigel pointed out that conventional AAA degrees require 100% loan audits at $ 500 per loan.
However, immutable data at the loan level of the figure allow qualification agencies to accept a sampling of 25-30% to $ 100 per loan, delivering approximately 100 basic points in cost savings of the life cycle.
The company controls approximately 2.9% of the market of home capital credit of the US $ 406 billion per shares and approximately 10% of the incremental flow.
Sigel estimated that the figure can maintain the growth of income of 30% with 40% of Ebitda margins, pointing to revenues of $ 1.3 billion and $ 520 million EBITDA by 2027.
The successful debut Valida the institutional demand for financial infrastructure enabled for blockchain while positioning the figure as a scaled player in the tokenized credit markets.
