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

Core Insights - Figure Technology Solutions had a successful IPO on September 11, opening at $36 per share, significantly above the $25 pricing, leading to a valuation increase from $5.3 billion to $7.6 billion [1][2] - The IPO included over 23 million new shares and nearly 8 million shares sold by existing holders, with the stock trading around $31.88 shortly after the opening [1] - This IPO reflects a positive trend for crypto-linked companies, indicating a renewed investor interest in blockchain finance, following similar successful debuts by Circle and Bullish [2] Company Summary - Figure Technology Solutions is a blockchain lender that has recently gone public, marking a notable event in the crypto finance sector [1][2] - Co-founder Mike Cagney mentioned that the company considered going public last year but found the market environment unfavorable, which has since improved [2]