Blockchain lending institution Figure Technologies announced plans for an IPO in the US, with a target valuation of up to $4.13 billion.
Issue size: Plans to sell 26.3 million shares, with a pricing range of $18–$20 per share.
Total fundraising: Up to $526.3 million.
Underwriters: Goldman Sachs, Jefferies, Bank of America Securities.
Listing code: FIGR (NASDAQ)
Figure was founded in 2018 by tech entrepreneur Mike Cagney. The company has built a blockchain-based native platform focused on consumer credit, digital asset lending, trading, and investment, and is seen as an important case of the integration of on-chain finance and traditional capital markets.
📊 Highlights:
Against the backdrop of tightening cryptocurrency regulatory environments, Figure's IPO may become an important barometer for blockchain financial institutions entering the public market.
Whether the valuation and fundraising scale can gain market recognition will directly impact the capitalization process of similar companies in the future.
👀 What do you think? Can blockchain lending institutions become the 'new favorites' of traditional capital markets?