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Home equity loan company Figure is targeting a $4.13 billion valuation for its upcoming IPO, seeking to raise up to $526 million. The company, which uses blockchain technology for home equity loans, plans to issue 21.46 million shares priced between $18 and $20 each, with major underwriters including Goldman Sachs and Jefferies. Founded in 2018, Figure has reported significant revenue growth and has funded $17 billion in loans across the U.S. since its inception.
Figure Technologies, a stablecoin issuer, successfully raised $787.5 million in its initial public offering, selling 31.5 million shares at $25 each. This move highlights the growing acceptance of digital assets in mainstream markets, driven by favorable regulatory conditions and increased corporate adoption.
Wen Acquisition, a SPAC focused on fintech and blockchain, has filed with the SEC to raise $261 million through an IPO by offering 26.1 million units at $10 each. Led by CEO Julian Sevillano, the company aims to invest in infrastructure firms that integrate blockchain with traditional financial systems and plans to list on Nasdaq under the symbol WENNU.
Figure Technologies, founded by Mike Cagney, is aiming for a valuation of over $4 billion in its upcoming IPO, seeking to raise up to $526 million. The company, known for its blockchain-based home equity lines of credit and its recent merger with Figure Markets, will trade on Nasdaq under the ticker FIGR.
Blockchain lender Figure Technology Solutions Inc. is set to go public this month, aiming to raise up to $526 million in an IPO that could value the company at $4.13 billion. Founded in 2018, Figure has expanded its offerings beyond home equity loans to include crypto-backed loans and is leveraging AI for loan evaluations, reporting significant revenue growth in recent months.
Figure Technology Solutions is set to debut on the Nasdaq with an IPO, raising $787.5 million at a share price of $25. Co-founder Mike Cagney discusses the company's blockchain model for transforming capital markets, its financial success, and the potential impact of regulatory changes on the stablecoin industry.