Blockchain Lender Figure Hits Nasdaq at $5.3 Billion Valuation

Blockchain lender Figure Technologies was set to begin trading on the Nasdaq on Thursday under the ticker symbol “FIGR” after raising $787.5 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 previously targeted a range of $20 to $22 per share for its IPO across 26 million sh ...