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Fortune Tech: Opendoor's big bet, Boring Company's halt, Figure's IPO pop
Fortune· 2025-09-12 09:44
Good morning. It’s Jason, helping fill in for Andrew, as he takes some time off after welcoming his second son into the world earlier this week. I’m back on the East Coast, where I’m based, after co-hosting our 24th annual Brainstorm Tech event in Park City this week. At the conference, I had the opportunity to interview the founders and CEOs of innovative companies big and small, from John Furner of Walmart and Tony Xu of DoorDash, to Jeff Wilke and Chris Barman, who’ve incubated and launched the electric ...
Figure surges in Wall Street debut, valuation tops $7B
Yahoo Finance· 2025-09-11 21:53
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 ...
Figure debuts with 24% gain as blockchain lending platform achieves $6.6 billion valuation
Yahoo Finance· 2025-09-11 21:30
Figure debuts with 24% gain as blockchain lending platform achieves $6.6 billion valuation Figure (FIGR) shares closed at $31.11 on its Sept. 11 Nasdaq debut, gaining 24% from the $25 pre-sale price and establishing a $6.6 billion market cap with 211.66 million shares outstanding. The blockchain-native lending platform reached an intraday peak of $36.13, representing a 44.5% surge, before settling at closing levels. The debut proceeded without trading halts, contrasting with recent crypto IPOs, including ...
Blockchain Lender Figure Hits Nasdaq at $5.3 Billion Valuation
Yahoo Finance· 2025-09-11 16:49
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 ...
Blockchain lender Figure valued at $7.6 billion as shares jump in Nasdaq debut
Reuters· 2025-09-11 16:46
Figure Technology was valued at $7.62 billion after its shares jumped 44% in their Nasdaq debut on Thursday, adding to a run of strong first-day performances by crypto-linked firms as the digital-assets industry edges closer to the mainstream. ...
Figure Prices IPO at $25, Targets $5.3B Valuation on Nasdaq
Yahoo Finance· 2025-09-11 14:51
Blockchain lending company Figure Technology Solutions, which saw the SEC approve its interest-bearing stablecoin in February 2025, has officially priced its initial public offering. The firm, led by SoFi co-founder Mike Cagney, set its price at $25.00 per share for an offering of 31,500,000 shares of its Class A common stock, The shares are expected to begin trading on the Nasdaq Global Select Market today, Sept. 11, 2025. The company’s registration statement was declared effective by the Securities and ...