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Mike Cagney's Figure Technologies Seeks Over $4B Valuation in Nasdaq IPO
Figure Technologies is seeking to raise as much as $526 million at a valuation over $4 billion through the share sale.
Sep 3, 2025, 4:07 a.m.
What to know:
- Figure Technologies is seeking a valuation of up to $4.13 billion in its upcoming IPO, according to SEC filings.
- The company aims to raise as much as $526 million through the share sale, with shares set to trade on Nasdaq under the ticker FIGR.
- Figure has originated over $16 billion in home equity lines of credit using its Provenance blockchain and recently merged with Figure Markets.
Figure Technologies, the blockchain lender founded by SoFi co-founder Mike Cagney, is aiming for a valuation of up to $4.13 billion in its upcoming initial public offering, according to new filings with the U.S. Securities and Exchange Commission.
The company and its backers are seeking to raise as much as $526 million through the share sale, making Figure the latest crypto-linked firm to test equity markets as investor appetite for new listings returns.
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Shares are set to trade on Nasdaq under the ticker FIGR, with Goldman Sachs, Jefferies, and BofA Securities leading the underwriting syndicate.
Figure has been a prominent player in the real-world asset (RWA) sector, originating more than $16 billion in home equity lines of credit using its Provenance blockchain rails.
Earlier this year it merged with Figure Markets, another Cagney venture that operates a blockchain marketplace and issues YDLS, a yield-bearing stablecoin structured as a tokenized money market fund.
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
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