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Blockchain Lender Figure to Hit Nasdaq at $5.3 Billion Valuation
Yahoo Finance·2025-09-12 00:49

Blockchain lender Figure Technologies was set to begin trading on the Nasdaq on Thursday under the ticker symbol “FIGR” after raising 787.5millionthroughaninitialpublicofferingalongsideexistinginvestors,accordingtoapressrelease.TheNewYorkbasedfirm,whichusesablockchainbasedplatformtofacilitatelendingoutsideitstraditionalscope,sold31.5millionsharesat787.5 million through an initial public offering alongside existing investors, according to a press release. The New York-based firm, which uses a blockchain-based platform to facilitate lending outside its traditional scope, sold 31.5 million shares at 25 apiece. The firm and its investors initially targeted a range of 20to20 to 22 per share for its IPO across 26 million sha ...