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Blockchain lender Figure soars 30% after Nasdaq debut, nears $6 billion valuation
Yahoo Finance·2025-09-12 02:37

Blockchain lender Figure Technology is the latest crypto company to go public. On Thursday, Figure debuted on the Nasdaq after raising 787.5millioninitsIPO.Thecompanysshareslistedat787.5 million in its IPO. The company’s shares listed at 25 but soared almost 30% to trade at 32Thursdayafternoon.Thatmeansthecompany,whosetickerisFIGR,istradingatabouta32 Thursday afternoon. That means the company, whose ticker is FIGR, is trading at about a 6 billion valuation. Founded in 2018, Figure’s business centers around putting mortgages on the blockchain, which the company says speeds up the granting and funding of home loans. From ...