Figure Technology's IPO raised $787.5 million by pricing shares at $25 each, signaling strong investor demand in the blockchain lending sector.
Figure Technology Solutions Inc. successfully raised $787.5 million in its IPO, selling 31.5 million shares at $25 each, exceeding expectations. Founded in 2018, the company, led by CEO Michael Tannenbaum, focuses on blockchain-enabled lending. The IPO comes amid increased institutional interest in digital finance, as seen with other digital finance companies like Klarna and Gemini. Figure’s platform, which includes crypto-backed loans and digital asset exchanges, has originated over $16 billion in loans to date. The company reported profitability with a net income of $29.1 million in the first half of 2025.