Figure Technologies debu na Nasdaq spark 44% surge, eye $1B by 2028
Figure Technologies share dem open for $36 for Sept 11 afta dem price dia IPO for $25, dis one mark 44% rally for dia Nasdaq debut wey raise $787.5 million. Dis blockchain loan company, wey dem found 2018, sabi HELOC for the Provenance blockchain, get 180 loan and 48 money-transmitter licenses, and na SEC-registered broker-dealer. Figure Technologies talk say their 10-day median loan funding time against the normal 42-day wey industry get, dem don unlock $17 billion homeowner equity, and dem dey process 40% of U.S. non-bank HELOC volume. The company just launch stablecoin and dey expand enter DSCR and unsecured lending. Blockworks Research talk say Figure Technologies fit hit $1 billion net revenue by 2028, one milestone Pantera Capital talk fit rank am among Web3 “Magnificent Seven.”
Bullish
Di 44% di stock surge wen e debut for Nasdaq and $1 billion revenue we dem forecast by 2028 dey show say investors get strong confidence for Figure Technologies blockchain lending model plus DeFi adoption. Short-term momentum wey strong IPO performance and dey grow trading volumes fit make speculators wan join and e fit make price still go higher. For long term, di confirmed efficiency gains — like 10-day median loan funding time — and diversified product roadmap (HELOCs, stablecoin, DSCR and unsecured lending) dey support wetin fit make growth sustain. Regulatory and educational wahala still dey, but all di positive market reception mean say FIGR shares get bright future.