Figure IPO Raise $788M, Value FIGR at $6.6B

Figure Technology Solutions don finish dia IPO for Nasdaq on September 11, dem gather $788 million at $25 per share. The FIGR stock open 44% higher for $36 then e close 24% up for $31.11, wey put the blockchain lender value for $6.6 billion. Dem start the company for 2018 by former SoFi CEO Mike Cagney. Figure dey use dia Provenance blockchain and AI credit assessment wey OpenAI and Google Gemini dey power to reduce home equity loan approval time from 40 days go 10 days. For 2024, Figure make $341 million revenue and $20 million net profit. For first half of 2025, revenue rise 22% reach $191 million, with net profit of $29 million. The Figure IPO oversubscribed 25 times, e attract investors like DCM, Ribbit Capital and Gemini Investments. As the latest crypto industry IPO after Circle and Bullish, the Figure IPO show say blockchain lending and real-world crypto finance solution dey get bigger demand.