Figure Shares Jump 24% From IPO Price in Crypto Lender's Nasdaq Debut► https://t.co/eNvSKGlJ93 https://t.co/eNvSKGlJ93 ...

Blockchain lender @Figure 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. https://t.co/i3d75u90Q3 ...

Figure IPO opens at $36 per share as blockchain lender's valuation surpasses $7 billion https://t.co/3dx79qj10r ...

Figure Technology Solutions (FIGR) co-founder Mike Cagney says his blockchain business is ready for the big time. "So if you think of something like the stock market, it's an easy example. Seven parties sit in between buyers and sellers of every transaction. Blockchain has the ability to distill that down just to two," Cagney told me on Yahoo Finance's Market Catalysts (video above). Figure Technology Solutions raised $787.5 million in its IPO this week. The company sold 31.5 million shares priced at $25 ...

The sudden collapse of a Texas subprime car lender is sending shock waves from border-town dealerships all the way to the upper echelons of Wall Street https://t.co/3u3cp5KPnA ...

Blockchain-based lender Figure Technology Solutions has increased the pricing of its initial public offering (IPO) to $25 per share.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.That new figure, announced late We ...

Figure Technologies, a blockchain-focused lending platform founded by SoFi co-founder Mike Cagney, has priced its initial public offering at $25 per share, which would raise $787.5 million. Shares of the company’s Class A stock is scheduled to begin trading on the Nasdaq under the ticker symbol “FIGR” later today, September 11, according to a press release. The offering includes 31.5 million shares, with roughly 23.5 million coming directly from Figure and 8 million from existing shareholders. An additio ...

We recently published 10 Stocks Melt Down in Hours. Upstart Holdings, Inc. (NASDAQ:UPST) is one of the worst performers on Wednesday. Upstart snapped a four-day winning streak on Wednesday, shedding 9.43 percent to end at $62.42 apiece after its fellow “buy now, pay later” company, Klarna Group PLC (NYSE:KLAR), soared on its market debut. On Wednesday, Klarna Group PLC opened at $57.2, also its highest during the day, before ending the day just up by 14.55 percent at $45.82 apiece. The newly listed firm ...

The lending disruptor could have lots of room to rise, but it might not be for the reason you think.Upstart (UPST 1.65%) has been an excellent performer in recent years, with the stock up by 168% over the past three years. And there are some good reasons it has done so well.Most significantly, Upstart's business has grown tremendously, even in a so-so environment for lending. In the second quarter, Upstart's loan origination volume soared by 154% year over year and revenue more than doubled. And not only wa ...

Core Insights - Expanding access to credit is a significant challenge in consumer finance, with legacy systems causing inefficiencies and limiting capital access [1][4] - Figure Technology Solutions aims to modernize consumer lending through AI and blockchain integration, enhancing loan origination, underwriting, and trading processes [1][3] Company Overview - Founded in 2018, Figure started with home equity lending and has developed a vertically integrated model encompassing origination, marketplace distribution, and capital markets execution [3] - The company is expanding its product offerings beyond home equity loans to include a variety of credit products and digital asset marketplaces [3][5] Market Potential - Figure estimates its addressable market in lending and capital markets at approximately $185 billion in annual revenue potential [5] - The asset tokenization market is projected to reach $16 trillion by 2030, while the stablecoin market could approach $5 trillion in the same timeframe [5] Operational Efficiency - The company claims to have achieved profitability with a capital-efficient model, generating revenue from fees on originations, servicing, and technology usage [6] - Partner-branded lending constitutes 77% of total originations, with 168 active partners as of mid-2025 [6] Regulatory Framework - Figure holds over 180 lending and servicing licenses, 48 money transmitter licenses, and SEC registration as a broker-dealer, which supports its scaling ambitions [7] Performance Metrics - For the 12 months ending June 30, 2025, Figure facilitated approximately $6 billion in HELOC lending, a 29% increase from the previous year, with a compound annual growth rate of 70% since mid-2021 [8] - The Figure Connect Marketplace processed $1.3 billion in loan volume in its first year, connecting originators and investors directly [8] Financial Performance - For the six months ending June 30, 2025, net revenue was $191 million, up from $156 million year-over-year, with net income of $29 million compared to a $13 million loss the previous year [12] - Adjusted EBITDA reached $83 million, more than double the prior year [12] Product Diversification - Although HELOCs currently account for 99% of originations, Figure is exploring new products such as debt service coverage ratio loans and digital asset-backed loans [12] - The company plans to use IPO proceeds to invest in new product development and expand its loan marketplace [12]