Share this article
Blockchain-Based Lender Figure Prices IPO at $25 Per Share, Raising Nearly $788M
The offering includes 31.5 million shares, with around 23.5 million coming from Figure and 8 million from existing shareholders.
Sep 11, 2025, 8:19 a.m.
What to know:
- Figure Technologies has priced its IPO at $25 per share, valuing the offering at $787.5 million.
- The offering includes 31.5 million shares, with around 23.5 million coming from Figure and 8 million from existing shareholders, and could increase to 36.2 million if underwriters exercise their option.
- Figure's IPO is set to begin trading on the Nasdaq under the ticker symbol "FIGR" on September 11.
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.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The offering includes 31.5 million shares, with roughly 23.5 million coming directly from Figure and 8 million from existing shareholders. An additional 4.7 million shares could be sold if underwriters exercise their option to purchase more.
Last week, the company’s IPO was upsized to $526 million.
Figure has helped originate more than $16 billion in home equity loans, which the firm says makes it the largest non-bank provider of that financing.
Goldman Sachs, Jefferies and BofA Securities are leading the offering, joined by a slate of other underwriters, including Societe Generale, Stifel, and Mizuho.
The offering is set to close on September 12, pending typical closing conditions.
Read more: Mike Cagney's Figure Technologies Seeks Over $4B Valuation in Nasdaq IPO
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Turkey's Paribu Buys CoinMENA in $240M Deal, Expanding Into High-Growth Crypto Markets
With the acquisition, Paribu gains regulatory foothold in Bahrain and Dubai and access to the region's fast-growing crypto user base.
What to know:
- Paribu acquires Bahrain- and Dubai-based CoinMENA for up to $240 million.
- Deal marks Turkey’s biggest fintech acquisition and first international crypto M&A, the firm said.
- The move taps into the MENA region’s fast-growing crypto user base and supportive regulatory hubs.
Top Stories
