Figure Technology IPO Skyrockets to $7.6 Billion Valuation

 Figure Technology IPO Skyrockets to $7.6 Billion Valuation

Also on September 12, blockchain lender Figure Technology made a powerful entrance to public markets. Its initial public offering (IPO) raised $787.5 million by selling 31.5 million shares at $25 each. 

Key Details

• Shares opened on Nasdaq at $36 per share — much higher than the $25 IPO price — and the company ended the trading debut with a valuation of about $7.62 billion. 

• The upsized IPO came after demand pushed Figure to increase the share count and raise more capital. 

• Figure is not just a crypto lender; it also builds tech: its Provenance blockchain underlies some of its home-equity lending operations. For the year ending June 30, it facilitated about $6B in home equity loans, a 29% growth year over year. 

Why It Matters

• The IPO is among the strongest for crypto-adjacent firms in recent months, showing investor confidence despite market volatility.

• It highlights how companies with real business models (loans, real estate, blockchain infrastructure) may attract more stable interest than pure speculation.

• Figure’s strong debut price (opening well above IPO price) signals demand for crypto-financial firms that combine traditional finance (home equity) with blockchain.