NEW YORK, 9 September 2025 — Amid surging investor interest in cryptocurrency-linked offerings, stablecoin issuer Figure Technologies is poised to significantly increase the size and valuation of its initial public offering (IPO). According to a well-placed source, the company plans to bump its share count from 26 million to 31.5 million and raise its price range from US$18–20 to US$20–22—potentially yielding US$693 million, up from the initial projection of US$526 million.
Once public, Figure—co-founded in 2018 by fintech veteran Mike Cagney—is expected to debut on NASDAQ under the ticker FIGR, aiming for a valuation of around US$4.1 billion. Remarkably, the company, better known for cutting-edge blockchain lending and stablecoin products, has already turned profitable, posting a US$29 million profit in the first half of 2025 compared to a US$13 million loss in the same period last year.
Figure’s upsized floats are part of a broader resurgence in crypto-related listings, with recent IPO successes of Bullish, Circle, and Gemini signaling renewed investor confidence—spurred in part by supportive U.S. regulatory posture and increasing institutional adoption of digital assets.
A Sign of Momentum in Digital Asset Capital Markets
This sharpened IPO strategy underscores the growing maturation of crypto as a sector. Firms like Figure, with tangible revenue and strengthening financials, are emerging as prime beneficiaries of a rallying equity environment. Their ability to raise significant capital via public markets also underscores broader investor appetite for regulated, tech-forward financial infrastructure.
Figure’s structure—enabling home equity loan funding in just 10 days versus the industry norm of 6 weeks—along with its profitability trajectory, positions it as a compelling model for blockchain-based finance firms transitioning to the public stage.
