Figure Shares Jump 24% From IPO Price in Crypto Lender's Nasdaq Debut

Figure Technologies shares closed above its initial offering price on Thursday, the latest indication of investors’ interest in crypto-native firms on Wall Street. The firm’s stock price rose to $31.11, a 24% gain compared to its boosted IPO price of $25, according to Yahoo Finance. That gave it a valuation of $6.58 billion. Figure shares initially changed hands at $36 apiece.  Figure CEO Michael Tannenbaum told Decrypt that the company is showing Wall Street how blockchains can be used to create more effic ...