Blockchain-focus lender figure technology solutions aim to raise $ 526 million in the initial public offering (IPO), emphasizing the growing trend of crypto and blockchain companies chasing public lists in the middle of the bull market.
According to the regulations submitted on Tuesday and reported by Bloomberg LawThe figure plans to sell 21.5 million shares in the range of $ 18 to $ 20, with 4.9 million shares expected to sell by existing holders. At the top end of the range, the IPO will appreciate the company for about $ 4.3 billion.
Figure first revealed its public ambitions Last month it was confidently filed with regulators, followed by a formal Securities and Exchange Commission (SEC) File on August 18. The latest files indicate the company is targeting September 10 as a date for its IPO pricing.
The company’s appreciation has grown since 2021, when A $ 200 million series D Round The 10T Holdings led it to appreciate it for $ 3.2 billion. Recent financials show momentum, with revenues that climb $ 191 million in the first half of this year.
While the figure is now known for blockchain -based financial products built on the proven blockchain, its origins are in consumer lending. The company’s first offer was a digitized home equity line of credit aimed at those with -owned by the US, before expanding the blockchain infrastructure to improve lending and seizure.
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Related: Crypto Biz: Ipo fever, ether wars and stablecoin showdowns
Crypto IPO rush continues
Figure is one of many blockchain companies moving towards a public list. Number Cointelegraph reportedThe Crypto Exchange Gemini filed for an IPO on Tuesday, with the aim of raising up to $ 317 million.
Fellow Exchange Kraken is also It has been reported pursuing a $ 500 million increase In an appreciation of around $ 15 billion, with reports suggesting that the company could be public in 2026.
In August, Digital Asset Exchange Operator Bullish presented a blockbuster debut, with shares worth $ 37 Increasing about 218% On the first day of trading.
Ahead of the offer, the company raised IPO appreciation for $ 4.8 billion amidst the powerful demand of the institutional. Even after the initial flow was cooled, Bullish still ordered an appreciation of nearly $ 9.6 billion.
That list came to the IPO heel of the Stablecoin Issuer Circle, which raised nearly $ 1.1 billion and saw its stock more than double the day. Circle now carries a market capitalization of nearly $ 30 billion.
At the same time, industry players are exploring alternative routes in public markets. Many crypto executives join forces to launch Bitcoin infrastructure acquisition corp.
