Figure Tech Targets $4.3B Valuation in September IPO, Fueling Crypto’s Public Frenzy

Blockchain-based lender Figure Technology Solutions Inc. is poised for a high-profile public debut this month, aiming to raise up to $526 million in its IPO. The company plans to sell 21.5 million shares at $18-$20 apiece, potentially reaching a $4.13 billion valuation—surpassing its 2021 private market valuation of $3.2 billion.

Goldman Sachs, Jefferies, and Bank of America are leading the offering, with shares set to begin trading on Nasdaq under the ticker FIGR. The MOVE comes as Figure demonstrates strong revenue growth and expands its blockchain infrastructure under founder Mike Cagney, former SoFi CEO.

The IPO marks another milestone in crypto's march toward mainstream finance, following a wave of public listings in the sector. Market watchers view Figure's debut as a bellwether for institutional appetite toward blockchain-enabled financial services.