Figure surges in Wall Street debut, valuation tops $7B

Figure Technology Solutions made a blockbuster Wall Street debut on Sept. 11 as its stock opened at $36 per share, well above the $25 pricing set ahead of its Nasdaq listing. The jump pushed the blockchain lender’s valuation to $7.6 billion, up from the $5.3 billion valuation implied at pricing. The offering included more than 23 million new shares and nearly 8 million sold by existing holders. By early afternoon, Figure’s stock was trading around $31.88, according to Yahoo Finance. Figure’s IPO marks a ...