Blockchain Lender Figure Files for Nasdaq IPO Under Ticker ’FIGR’ Amid Crypto Listing Wave

Figure, the blockchain-powered lending platform founded by SoFi co-founder Mike Cagney, has submitted its S-1 filing for a Nasdaq IPO. The company aims to list Class A shares under the symbol FIGR, with Goldman Sachs, Jefferies, and BofA Securities leading the underwriting. This MOVE positions Figure as the latest crypto-adjacent firm to ride the resurgent wave of public market debuts.

Financial disclosures reveal a 22.4% revenue increase to $190.6 million in H1 2025, with net income swinging to $29 million from a $13 million loss year-over-year. The offering comes after Figure's earlier SPAC attempt through Figure Acquisition Corp. I failed to materialize in 2021.

The regulatory thaw under the TRUMP administration has created fertile ground for digital asset firms accessing public markets. Figure recently merged with its sister venture Figure Markets, which issues the YDLS yield-bearing stablecoin structured as a tokenized money market fund.