Blockchain headquarters, Figure Technology Solutions Inc., is preparing to make public this month in one of the most observed listings in the Crypto-Fintech sector.
The company and its sponsors seek to raise up to $ 526 million through an initial public offer, according to a presentation before the US stock and securities commission.
According to a Bloomberg report, the figure plans to sell 21.5 million shares with a price of between $ 18 and $ 20 each, while existing shareholders offer 4.9 million additional shares. In the upper part of that range, the company would obtain a market capitalization of $ 4.13 billion, exceeding its valuation of $ 3.2 billion of a 2021 risk round.
The company is expected to put a price of its shares on September 10, with the negotiation that will begin in Nasdaq under the symbol of the Ticker Figr. Goldman Sachs, Jefferies and Bank of America are leading the offer.
The IPO figure follows a strong income growth and expansion of blockchain
Founded in 2018 by Mike Cagney, former executive director of Sofi Technologies, figure has positioned itself as a blockchain -based solutions developer to optimize consumer loans.
The firm began with Credit de Credit (Heloc) Credit products of Home Equity and since then has expanded to loans backed by crypto and an exchange of digital assets.
To date, it has originated or bought more than $ 16 billion in loans in the chain. In August, the company increased its Heloc Loan limit from $ 400,000 to $ 750,000 to capture a majority of housing owners rich in shares.
The figure has also moved to artificial intelligence, using OpenAI technology to evaluate loan applications and Google’s chatbot gemini to improve customer interactions.
According to their presentation, customers for Heloc loans with a couple brand in the first half of 2025 had an average weighted average 756 phase score, slightly higher than the average of 749 for their loans from the brand of their own.
The company’s growth trajectory has accelerated in 2025. During the six months ending on June 30, the figure reported a net income of $ 29.1 million in revenues of $ 190.6 million, compared to a net loss of $ 15.6 million in $ 156 million in revenues during the same period last year.
Investors include Global Management Apollo, 10T Holdings and Ribbit Capital. Despite the OPI, Cagney will continue to control the majority of the voting power, according to the presentation.
Michael Tannenbaum, previously with Brex and Sofi, was appointed CEO in 2024, in charge of guiding the company’s public market debut and climbing its Blockchain -based loan products.
Beyond the loans, the figure is looking for the regulatory approval of what it says that it could be the first stablecoin of interests approved by the United States structured as a security.
The figure of figure follows a series of confidential presentations earlier this year, and the company formally presents its registration in mid -August.
Marketing presentations to investors emphasize their ability to match Blockchain efficiency with traditional financial rigor, pointing out cost reductions at the origin and titulization of loans.
In addition to loan products, the figure recently launched its IntellideBT solution, which has already helped customers pay $ 133 million in debt by consolidating credit cards, car loans and personal loans in individual payment structures.
Crypto ipo rush accelerates when Gemini and Circle join Wall Street Frenzy
Companies linked to cryptographic are running to public markets this fall, capitalizing on the appetite of renewed investors and favorable conditions in the United States
According to recent presentations, the Gemini Space Station, father of Crypto Exchange Gemini, founded by Cameron and Tyler Winklevos, is looking for an assessment of up to $ 2.22 billion in his debut in Nasdaq.
The firm based in New York plans to sell 16.67 million class A $ 17 to $ 19 each, potentially raising $ 317 million. The shares will be negotiated under the GEMI ticket, and the subscribers will grant the option to buy 2.5 million additional shares.
Ripple has supported Gemini’s list with a credit line of $ 75 million, expandable to $ 150 million.
The increase in the activity occurs after the successful debut of the Group Internet market earlier this year, which more than doubled its value. Now it has a market capitalization of $ 30 billion.
Strong performance has fed the optimism that 2025 could mark a turning point for digital asset companies after years of winds against regulators and market.
Wall Street banks are sending a greater demand for technology and cryptography emitters. The co -director of Goldman Sachs of the capital markets of Variable Income, Connolly, said that companies are accelerating deadlines, and some originally point to 2026, which now ask to advance this year.
Keith Canton of JPMorgan projects that dozens of OPI could close before the end of the year, raising more than $ 15 billion.
Beyond the traditional listings, special -purpose acquisition companies (SPAC) focused on cryptocurrencies are also entering the fray. Bitcoin Infrastructure Acquisition Corp., a blank verification firm based in the Cayman Islands, presented to raise $ 200 million to attack web finance companies, Defi and Blockchain, which Nasdaq lists under the Bixiu Ticker.
Other listings include Bullish, an exchange backed by Peter Thiel who raised $ 1.15 billion in his debut in Nyse, completely in Stablecoins. Bullish joined Coinbase and Circle among cryptographic opi with better performance of 2025, with Circle and Coreweave that deliver 336% and 132% yields, respectively.
With changes in support policy under the Trump administration and a buoyant risk environment, cryptographic OPIs are gaining impulse as companies rush to ensure market share before the end of the year.
The technology on the subsequent figure is aimed at an assessment of $ 4.3b in the September OPI, feeding Crypto’s public frenzy appeared first in Cryptonews.
