{"id":46376,"date":"2025-09-03T07:54:10","date_gmt":"2025-09-03T00:54:10","guid":{"rendered":"https:\/\/hbbgroup.net\/figure-technology-seeks-4b-valuation-in-public-listing-as-crypto-ipo-wave-builds\/"},"modified":"2025-09-03T07:54:10","modified_gmt":"2025-09-03T00:54:10","slug":"figure-technology-seeks-4b-valuation-in-public-listing-as-crypto-ipo-wave-builds","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/vi\/figure-technology-seeks-4b-valuation-in-public-listing-as-crypto-ipo-wave-builds\/","title":{"rendered":"Figure Technology seeks $4B valuation in public listing as crypto IPO wave builds"},"content":{"rendered":"<div data-gtm-locator=\"articles\" data-v-43e640e6>\n<article id=\"article-213268\" data-v-43e640e6>\n<p itemprop=\"description\" data-v-43e640e6> Figure eyes a $526 million IPO, joining Circle, Bullish and Gemini in the growing wave of blockchain companies going public. <\/p>\n<div data-v-43e640e6><picture><source media=\"(min-width: 1200px)\" ><source media=\"(min-width: 992px)\" ><source media=\"(min-width: 768px)\" ><source media=\"(min-width: 480px)\" ><img  loading=\"eager\" fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1434\/https:\/\/s3.cointelegraph.com\/uploads\/2025-05\/0196f4e5-7484-7901-8806-b409c12ad896\" alt=\"Figure Technology seeks $4B valuation in public listing as crypto IPO wave builds\"><\/picture><\/div>\n<div data-v-43e640e6>\n<div data-v-43e640e6>\n<p>Blockchain-focused lender Figure Technology Solutions is aiming to raise $526 million in its initial public offering (IPO), underscoring the growing trend of crypto and blockchain firms pursuing public listings amid the bull market.<\/p>\n<p>According to regulatory filings submitted Tuesday and reported by <a data-ct-non-breakable=\"null\" href=\"https:\/\/news.bloomberglaw.com\/capital-markets\/blockchain-based-lender-figure-backers-seek-526-million-in-ipo\" rel=\"noopener nofollow\" target=\"_blank\" title=\"null\">Bloomberg Law<\/a>, Figure plans to sell 21.5 million shares in the $18 to $20 range, with 4.9 million shares expected to be sold by existing holders. At the top end of the range, the IPO would value the company at roughly $4.3 billion.<\/p>\n<p>Figure first <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/blockchain-lender-figure-technology-ipo-filing\" title=\"null\">disclosed its public ambitions<\/a> last month when it filed confidentially with regulators, followed by a formal Securities and Exchange Commission (SEC) <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/figure-technology-files-nasdaq-ipo-in-us\" title=\"null\">filing on Aug. 18<\/a>. The latest filings indicate the company is targeting Sept. 10 as the date for pricing its IPO.<\/p>\n<p>The firm\u2019s valuation has grown since 2021, when <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/blockchain-based-fintech-firm-figure-raises-200m\" title=\"null\">a $200 million Series D round<\/a> led by 10T Holdings valued it at $3.2 billion. Recent financials show momentum, with revenues climbing to $191 million in the first half of this year.<\/p>\n<p>While Figure is now best known for its blockchain-based financial products built on the Provenance Blockchain, its origins were in consumer lending. The company\u2019s first offering was a digitized home equity line of credit aimed at US homeowners, before expanding into blockchain infrastructure to improve lending and securitization.<\/p>\n<p><iframe width=\"100%\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/0BX9AlZw1UI?start=\" frameborder=\"0\" allow=\"accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen loading=\"lazy\"><\/iframe><\/p>\n<p><em><strong>Related: <\/strong><\/em><a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/bullish-ipo-pantera-crypto-bet-bitmine-ether-purchase-stablecoin-war\" title=\"null\"><em><strong>Crypto Biz: IPO fever, Ether wars and stablecoin showdowns<\/strong><\/em><\/a><\/p>\n<h2>Crypto IPO rush continues<\/h2>\n<p>Figure is one of several blockchain companies moving toward a public listing. As <a href=\"https:\/\/cointelegraph.com\/news\/gemini-crypto-exchange-s1-ipo-nasdaq-2025\" rel target=\"_blank\" title=\"https:\/\/cointelegraph.com\/news\/gemini-crypto-exchange-s1-ipo-nasdaq-2025\">Cointelegraph reported<\/a>, the crypto exchange Gemini filed for an IPO on Tuesday, with the aim of raising up to $317 million.<\/p>\n<p>Fellow exchange Kraken is also <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/kraken-seeks-500m-raise-15b-valuation-the-information\" title=\"null\">rumored to be pursuing a $500 million raise<\/a> at a valuation of around $15 billion, with reports suggesting the company could go public in 2026.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-09\/01990b30-0924-7e3c-9a7f-9567a2e79f33\" title><figcaption><em>Source: <\/em><a data-ct-non-breakable=\"null\" href=\"https:\/\/x.com\/SMQKEDQG\/status\/1957823512334266536\" rel=\"https:\/\/x.com\/SMQKEDQG\/status\/1957823512334266536\" target=\"https:\/\/x.com\/SMQKEDQG\/status\/1957823512334266536\" title=\"https:\/\/x.com\/SMQKEDQG\/status\/1957823512334266536\"><em>SMQKEDQG<\/em><\/a><\/figcaption><\/figure>\n<p>In August, digital asset exchange operator Bullish staged a blockbuster debut, with shares priced at $37 <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/bullish-nyse-ipo-crypto-demand\" title=\"null\">soaring as much as 218%<\/a> on the first day of trading. <\/p>\n<p>Ahead of the offering, the company lifted its <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/bullish-ipo-valuation-crypto-institutional-demand\" title=\"null\">IPO valuation to $4.8 billion<\/a> amid strong institutional demand. Even after the initial surge cooled, Bullish still commands a valuation of about $9.6 billion.<\/p>\n<p>That listing came on the heels of stablecoin issuer Circle\u2019s IPO, which raised roughly $1.1 billion and saw its stock more than double on day one. Circle now carries a market capitalization of around $30 billion.<\/p>\n<p>At the same time, industry players are exploring alternative routes to the public markets. Several crypto executives have joined forces to launch <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/crypto-execs-file-200m-bitcoin-infrastructure-acquisition-spac\" title=\"null\">Bitcoin Infrastructure Acquisition Corp<\/a>, a Cayman Islands-based special purpose acquisition company (SPAC) targeting a $200 million raise through an IPO.<\/p>\n<p><em><strong>Related: <\/strong><\/em><a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/crypto-biz-has-sec-s-project-crypto-been-priced-in\" title=\"null\"><em><strong>Crypto Biz: Has SEC\u2019s Project Crypto been priced in?<\/strong><\/em><\/a><\/p>\n<p><template data-name=\"subscription_form\" data-type=\"crypto_biz\" data-ct-non-breakable=\"undefined\" label=\"Subscription Form: Crypto Biz Newsletter\"><\/template><\/div>\n<p><img decoding=\"async\" alt src=\"https:\/\/zoa.cointelegraph.com\/pixel?postId=213268&#038;regionId=1\" data-v-43e640e6><\/p>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Figure eyes a $526 million IPO, joining Circle, Bullish and Gemini in the growing wave of blockchain companies going public. [&hellip;]<\/p>","protected":false},"author":1,"featured_media":46377,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[220],"tags":[],"class_list":["post-46376","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tien-dien-tu"],"acf":[],"_links":{"self":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/posts\/46376","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/comments?post=46376"}],"version-history":[{"count":0,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/posts\/46376\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/media\/46377"}],"wp:attachment":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/media?parent=46376"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/categories?post=46376"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/tags?post=46376"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}