Photo, the lender enabled by Blockchain established by SOFI co-founder Mike Cagney, filed with the Securities and Exchange Commission For an initial public offer as the latest entrant in a growing Crypto IPO wave.
The company plans to list its Class A shares with Nasdaq under Ticker Fig, with Goldman Sachs, Jefferies, and Bofa Securities that serve as the lead underwriter.
The figure’s path to public markets is years of labor. In 2021, this Launched a special objective company.
A lovely -a -friendly regulation under the Trump administration and Buoyant Crypto and Stock Market set a stage for a flow of digital companies of taping in equity markets, including the crypto exchange bullish which is the owner of CoinDesk.
The company last month was combined with Figure Markets, a blockchain marketplace also launched by Cagney that Issues YDLSAn yield-bearing stablecoin outlined as a tokenized funding market funding.
Financial disclosed S-1 shows up to 22.4% in the first half of 2025 to $ 190.6 million, with a net income of $ 29 million compared to a $ 13 million loss a year before.
According to the SEC filing, the proceeds from the IPO will fund the working capital and potential acquisitions, with no dividends planned.
